Chicago O'Hare International Airport plans to price $1.17 billion revenue bonds Tuesday

By Sheri Kasprzak

New York, April 12 - The City of Chicago is scheduled to bring to market $1,167,135,000 in series 2010 revenue bonds for the Chicago O'Hare International Airport on Tuesday, according to a sales calendar.

The offering includes the following:

• $112.67 million in series 2010A general airport third-lien non-AMT revenue bonds;

• $557.18 million in series 2010B general airport third-lien Build America Bonds;

• $175.83 million in series 2010C general airport third-lien non-AMT bonds;

• $55.38 million in series 2010D general airport third-lien revenue refunding bonds;

• $45.915 million in series 2010E general airport third-lien revenue refunding bonds;

• $92.9 million in series 2010F general airport third-lien non-AMT revenue bonds;

• $41.345 million in series 2010A passenger facility charge non-AMT bonds;

• $48.76 million in series 2010B passenger facility charge non-AMT bonds;

• $21.95 million in series 2010C passenger facility charge taxable bonds; and

• $15.205 million in series 2010D passenger facility charge refunding bonds.

The bonds (A1/A-/A) will be sold on a negotiated basis with Bank of America Merrill Lynch as the senior manager. The co-managers are Barclays Capital Inc., Cabrera Capital Markets LLC, Melvin & Co., BMO Capital Markets, Duncan-Williams Inc., George K. Baum & Co., Jackson Securities Inc., Jefferies & Co. Inc., Loop Capital Markets LLC, M.R. Beal & Co. Inc., Podesta & Co. and William Blair & Co.

Proceeds from the sale will be used to refund commercial paper notes, as well as modernize Chicago O'Hare International Airport.

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