DALLAS — With its rating under review and revenue weakening, the Harris County-Houston Sports Authority is considering refinancing nearly $1 billion of bonds used to build its three professional sports stadiums.

Refinancing all outstanding debt is one option to ease cash-flow problems caused by accelerated payments on $114 million of MBIA Insurance Corp.-insured variable-rate debt and to unravel a swap agreement.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.