New Issue: Love Field Modernization, Texas, sells $310 million 5.25% revenue bonds

By Sheri Kasprzak

New York, Nov. 3 - The Love Field Airport Modernization Corp. of Texas priced $310 million of series 2010 special facilities revenue bonds on Wednesday, according to a pricing sheet.

The bonds (Baa3/BBB/) were sold through Goldman Sachs & Co. with Bank of America Merrill Lynch, Ramirez & Co. Inc., Citigroup Global Markets Inc., Comerica Securities Inc. and Wells Fargo Securities LLC as the co-managers.

The bonds are due Nov. 1, 2040 and have a 5.25% coupon priced at 98.146.

Proceeds will be used to construct and implement improvements to terminal, concourse and ancillary facilities at Love Field Airport in Dallas for Southwest Airlines Co.

Issuer:	Love Field Airport Modernization Corp.
Issue:	Series 2010 special facilities revenue bonds
Amount:	$310 million
Maturity:	Nov. 1, 2040
Coupon:	5.25%
Price:	98.146
Type:	Negotiated
Underwriters:	Goldman Sachs & Co., Bank of America Merrill Lynch, Ramirez & Co. Inc., Citigroup Global Markets Inc., Comerica Securities Inc. and Wells Fargo Securities LLC (co-managers)
Ratings:	Moody's: Baa3
	Standard & Poor's: BBB
Pricing date:	Nov. 3
Settlement date:	Nov. 18

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