DALLAS – Dallas Area Rapid Transit has rescheduled its $128.3 million revenue bond pricing for Nov. 8, after the deal was postponed by the storm that shut down the financial markets in New York.

The bond proceeds will pay off DART’s remaining commercial paper from Bank of America as the transit agency plans for its own liquidity program.

Loop Capital Markets is senior manager on the negotiated deal, with M.R. Beal & Co., Ramirez & Co., and Siebert Brandford Shank & Co. as co-managers.

Estrada Hinojosa & Co. is financial advisor, with Bracewell & Giuliani and West & Associates as co-bond counsel.

The senior-lien bonds carry ratings of AA-plus from Standard & Poor’s and Aa2 from Moody’s Investors Service. Outlooks are stable. Fitch Ratings did not rate this issue.

Under its 2013 business plan, DART plans to issue $552 million in debt over the next five years.

With this week’s issue, DART will have $3.3 billion of senior debt outstanding, according to Moody’s.

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