Chicago Midway Airport readies $348.32 million revenue bond sale

By Sheri Kasprzak

New York, May 23 – The City of Chicago is set to price $348,315,000 of series 2016 revenue and refunding bonds for the Chicago Midway Airport on Wednesday, according to a preliminary official statement.

The offering includes $125.61 million of series 2016A AMT bonds and $222,705,000 of series 2016B non-AMT bonds.

The bonds (/A/A) will be sold on a negotiated basis with Barclays as the senior manager. The co-managers are BofA Merrill Lynch, Blaylock Beal Van LLC, Cabrera Capital Markets LLC, Estrada Hinojosa & Co. Inc., Hutchinson Shockey Erley & Co., J.P. Morgan Securities LLC, Loop Capital Markets LLC, Stern Brothers & Co. and Toussaint Capital Partners LLC.

The maturities have not been set.

Proceeds will be used to finance capital improvements to the airport, as well as to refund existing bonds.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.