Los Angeles County Sanitation coordinates $110 million bond offering

By Sheri Kasprzak

New York, May 30 - The Los Angeles County Sanitation Districts Financing Authority plans to price $110 million of series 2013A capital projects revenue bonds, according to a preliminary official statement.

The bonds (Aa1/AA+/) will be sold on a negotiated basis with BofA Merrill Lynch as the senior manager. The co-managers are J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC.

The bonds are due 2013 to 2021.

Proceeds will be used to finance the construction, acquisition and installment of sewage treatment facilities, as well as to refund the authority's series 1993 and 2003 revenue bonds.

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