Microgy to price $85 million bonds for California natural gas plant

By Cristal Cody

Springdale, Ark., July 31 - Microgy Holdings intends to price $85 million environmental facilities revenue bonds through the California Statewide Communities Development Authority, according to a preliminary limited offering memorandum.

The series 2008 bonds are due Dec. 1, 2038.

The bonds are not rated.

Ziegler Capital Markets will manage the negotiated sale.

Proceeds will be used to construct and equip the company's California solid waste disposal facilities, which will create renewable natural gas from cow manure.

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