Louisiana Public Facilities Authority to sell $163.5 million bonds

By Cristal Cody

Tupelo, Miss., July 18 – The Louisiana Public Facilities Authority is set to bring a $163.5 million offering of revenue refunding bonds, according to a preliminary official statement.

The series 2014 hurricane recovery program bonds (Aa3//AA-) are due in 2015 and 2018 through 2027.

Raymond James/Morgan Keegan is the lead manager of the negotiated sale. Co-managers are BofA Merrill Lynch, Dorsey & Co., Inc., Crews & Associates, Inc. and Wells Fargo Securities LLC.

Proceeds will be used to advance refund all or a portion of the callable maturities of the series 2007 bonds, which include bonds due on June 1, 2018 through 2023 and 2027.

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