In its first debt offering in about nine years, the Delaware Solid Waste Authority is considering a $20 million bond sale for late summer or early fall, according to chief financial officer Ronald Peters.
Peters said the sale will be negotiated with Citigroup Global Markets Inc. as underwriter and Wilmington Trust Co. as trustee on the deal.
The sale will consist of new-money revenue bonds, with Public Advisory Consultants as financial adviser and Saul Ewing as bond counsel.
Proceeds will go toward two trash transfer stations in Sussex County.
The last time the DSWA sold debt was in November 1995, when it issued $52.3 million in revenue bonds, Peters said. That sale was rated A2 by Moody's Investors Service and A by Standard & Poor's.
"We don't sell as much debt as some of the other state agencies that sell [general obligation bonds], so it has been awhile," Peters said of the last time the authority sold bonds. "But it looks like [the upcoming sale] is still going forward."
