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Charlotte, N.C., coordinates $107.62 million airport revenue bond deal
By Sheri Kasprzak
New York, Oct. 9 – The City of Charlotte, N.C., is set to price $107.62 million of series 2014 airport refunding revenue bonds for the Charlotte Douglas International Airport, according to a preliminary official statement.
The deal includes $76.41 million of series 2014A non-AMT bonds and $31.21 million of series 2014B AMT bonds.
The bonds (Aa3/A+/A+) will be sold on a negotiated basis with BofA Merrill Lynch as the senior manager and Wells Fargo Securities LLC and PNC Capital Markets LLC as the co-managers.
The 2014A bonds are due 2023 to 2034, and the 2014B bonds are due 2015 to 2023.
Proceeds will be used to refund the airport’s series 2004A-B revenue bonds.
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