North Carolina Agency Selling $52M to Acquire Pair of Correctional Facilities

DeSue, Tedra
October 2004
Bond Buyer;10/27/2004, Vol. 350 Issue 31998, p36
Trade Publication
The article reports that the North Carolina Infrastructure Finance Corp. will begin selling $52 million of lease-purchase revenue bonds today to finance the purchase of two correctional facilities that it currently leases. Legg Mason Wood Walker and BB&T Capital Markets will begin selling the bonds to retail investors today, with institutional buyers getting their chance to buy tomorrow, Hunton & Williams is bond counsel. The facilities are on state land, North Carolina leases the land to the in Infrastructure finance corporation pursuant to a ground lease dated as of Nov 1, 2004.


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