Louisville/Jefferson County Metro, Ky., to price $84.71 million bonds

By Cristal Cody

Springdale, Ark., July 16 - The Louisville/Jefferson County Metro Government in Kentucky intends to price $84.71 million of bonds in competitive sales on July 22, according to a sale notice.

The $41.155 million series 2008A mortgage revenue refunding and improvement bonds have serial maturities from 2009 through 2018.

The $43.44 million series 2008B mortgage revenue bonds have serial maturities from 2009 through 2028.

Hilliard Lyons is the financial adviser.

The bonds (Aa3/AA-/) will be sold to redeem and retire on Sept. 1 the outstanding series 1997 lease revenue bonds and to finance a portion of project costs for the University of Louisville Papa John's Cardinal Stadium, which includes adding 45 private boxes and a 16,100-seat upper deck.

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