The Superdome's Step Coupon Swap

DeSue, Tedra
March 2006
Bond Buyer;3/9/2006, Vol. 355 Issue 32335, p1
Trade Publication
The article reports on the plan of the Louisiana Stadium to issue as much as $300 million of debt in a complex transaction that includes a step coupon swap to pay for repairs to the hurricane-affected Superdome in New Orleans and to generate capital. The deal was approved by the State Bond Commission. It is scheduled to price on March 20, 2006 with Merrill Lynch & Co. as book-runner and Foley & Judell LLP as bond counsel.


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