CHICAGO — The Metropolitan Pier and Exposition Authority of Illinois has picked Goldman, Sachs & Co. and Morgan Stanley as the joint book-running senior managers on its first financing under legislation that allows it to restructure a $2.1 billion debt portfolio.

The deal is slated for an October sale and will include $200 million of new-money revenue bonds to finance an expansion of the hotel that serves the MetPier-owned McCormick Place Convention Center in Chicago. The first piece of debt restructuring has not yet been sized, said MPEA chief financial officer Richard Oldshue.

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