What is the opportunity?
The Atlanta Development Authority ("Invest Atlanta") will come to market with $219 million1 in revenue bonds, Series 2015 A-1, A-2 and B, which will be used to provide funds to finance or refinance the development, construction and equipping of a new operable roof, state-of-the-art, multi-purpose stadium to replace the existing Georgia Dome facility. The new stadium will serve as home field for the Atlanta Falcons, the professional football team that is a franchise in the National Football League (the "NFL"). The bonds are special limited obligations of Invest Atlanta, secured by and payable solely from Hotel Motel Taxes collected by the City of Atlanta. The bonds do not constitute an indebtedness of the City of Atlanta or the State of Georgia. The issuer has no taxing power.
The bond sale offers several attractive benefits for individual investors, who are residents of Georgia, including tax-exemption for the Series 2015A-1 and 2015B bonds on both the federal and state level. The Series 2015A-2 bonds are taxable. All Series offer potential for stable income, priority allocation when bonds are issued, and prices and yields that match those available to institutional investors. The Series 2015A-1 and 2015A-2 bonds are rated Aa3 by Moody's and A+ from S&P2. The Series 2015B bonds are rated A1 by Moody's and A from S&P2.
How to place an order
Individual investors may place orders during the order period, starting on Thursday, May 7. The sale may close early, due to market conditions or because all of the bonds may be allocated.