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February 22, 2008
Mobile, Ala. –
The Alabama State Port
Authority Board of
Directors authorized the
Director/CEO James K.
Lyons to engage bond
counsel and an
underwriter to look into
possible alternative
refinancing of the Port
Authority’s 2006C Series
auction-rate bonds. The
2006 Series C Bonds had
an original issue size
of $60,455,000 with
$60,295,000 currently
outstanding. The Port
Authority has engaged
Goldman Sachs & Co. to
underwrite the possible
issuance of refunding
bonds, and also engaged
Hand Arendall, LLC as
bond counsel.
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