Municipal Calendar: Ascension Health to sell $352 million of bonds

Week of April 16

ASCENSION HEALTH ALLIANCE (ILLINOIS): $352.1 million series 2012 revenue bonds (/AA+/); negotiated; Morgan Stanley & Co. LLC and Citigroup Global Markets Inc. (lead); proceeds to finance and refinance a variety of capital improvement projects completed by Ascension Health affiliates in Illinois, Missouri and Maryland, as well as to refund existing debt; pricing week of April 16.

ATLANTA: $491.75 million airport general revenue bonds (A1/A+/A+); negotiated; Bank of America Merrill Lynch (lead); M.R. Beal & Co.; Grigsby & Associates, Inc.; Jefferies & Co.; Loop Capital Markets LLC; Ramirez & Co., Inc.; Siebert Bradford Shank & Co., LLC and Wells Fargo Securities LLC (co-managers); bonds due 2013 through 2032 and terms due 2037 and 2042; proceeds to finance or refinance the costs of projects at the Hartsfield-Jackson Atlanta International Airport and to refund and redeem all the amounts previously drawn and outstanding under the series 2010A-B commercial paper program; pricing week of April 16.

• $65,300,000 of series 2012A bonds

• $191,165,000 of series 2012B bonds

• $235,285,000 million of series 2012C bonds

CALIFORNIA STATE PUBLIC WORKS BOARD: $208.2 million series 2012 lease revenue bonds; negotiated; Stone & Youngberg and De La Rosa & Co. Inc. (lead); Wedbush Securities Inc. (co-lead); Backstrom McCarley Berry & Co. LLC, Bank of America Merrill Lynch, Cabrera Capital Markets Inc., Citigroup Global Markets Inc., Fidelity Capital Markets LLC, Greencoast Capital Partners LLC, Oppenheimer & Co. Inc., Seattle-Northwest Corp., Stern Brothers & Co., Sutter Securities Inc., Wells Fargo Securities LLC and Westhoff, Cone & Holmstedt (co-managers); proceeds to construct, acquire and equip buildings for the University of California's Paul Merage School of Business and to renovate Kern Valley State Prison to comply with seismic regulations; pricing week of April 16.

• $41.8 million series 2012B lease revenue bonds (Aa2/AA-/AA)

• $166.4 million series 2012C lease revenue refunding bonds (A2/BBB+/BBB+)

DENTON INDEPENDENT SCHOOL DISTRICT (TEXAS): $100,145,000 unlimited tax refunding bonds, series 2012B, (/AAA/AAA); negotiated; Raymond James & Associates, Inc., Morgan Keegan and J.P. Morgan Securities LLC (lead); Piper Jaffray & Co., First Public, LLC and Wells Fargo Securities LLC (co-managers); due Aug. 15, 2012, 2015 through 2033; proceeds to refund a portion of the district's outstanding bonds; pricing week of April 16.

ILLINOIS FINANCE AUTHORITY/ASCENSION HEALTH ALLIANCE: $95,515,000 series 2012E revenue bonds (/AA+/); negotiated; Morgan Stanley & Co. LLC and Citigroup Global Markets Inc. (lead); proceeds to finance or refinance projects completed by Ascension Health's Illinois, Missouri and Maryland affiliates and refund existing debt; pricing week of April 16.

NEW YORK CITY CULTURAL RESOURCES TRUST/MUSEUM OF MODERN ART: $90,885,000 series 2012 refunding revenue bonds (Aa2); negotiated; Goldman, Sachs & Co. (lead); proceeds to refund existing debt; pricing week of April 16.

• $51,415,000 series 2012-One-D refunding revenue bonds

• $39.47 million series 2012A refunding revenue bonds

PENNSYLVANIA INDUSTRIAL DEVELOPMENT AUTHORITY: $174.84 million series 2012 economic development revenue refunding bonds (A1//A); negotiated; Morgan Stanley & Co. LLC (lead); proceeds to refund authority's series 2002 revenue bonds for a debt service savings; pricing week of April 16.

SACRAMENTO MUNICIPAL UTILITY DISTRICT (CALIFORNIA): $227.64 million series 2012Y electric revenue refunding bonds (A1/A+/A+); negotiated; J.P. Morgan Securities LLC (lead); Barclays Capital Inc.; Bank of America Merrill Lynch; BMO Capital Markets Corp.; De La Rosa & Co.; Morgan Stanley & Co. LLC; M.R. Beal & Co.; Ramirez & Co., Inc. and US Bancorp (co-managers); bonds due 2013 through 2033; proceeds to refund all or a portion of the district's outstanding series 2002Q revenue refunding bonds, series 2003R revenue bonds and series 2004T revenue refunding bonds; pricing week of April 16.

TIGARD (OREGON): $102.5 million series 2012 water system revenue bonds (A1); negotiated; Wells Fargo Securities LLC (lead); proceeds to fund the city's share of the first construction phases of a new surface water collection and treatment infrastructure, which the city is building in conjunction with the City of Lake Oswego; pricing week of April 16.

UNIVERSITY OF MISSOURI: $130 million series 2012A system facilities revenue bonds (Aa1/AA+/); negotiated; J.P. Morgan Securities LLC and Bank of America Merrill Lynch (lead); Stifel, Nicolaus & Co. Inc. and George K. Baum & Co. (co-managers); proceeds to refund university's series 2003A-B, 2006A and 2007A revenue bonds; pricing week of April 16.

UNIVERSITY OF PENNSYLVANIA HEALTH SYSTEM: $150 million series 2012 revenue bonds (Aa3/AA+/); negotiated; Bank of America Merrill Lynch (lead); proceeds to finance capital improvements to the health system's facilities; pricing week of April 16.

Week of April 23

April 24

NEVADA: $69.47 million series 2012 motor vehicle fuel tax highway revenue bonds (Aa2/AA+/AA+); competitive; JNA Consulting Group LLC and Montague DeRose and Associates LLC (financial advisers); bonds due 2012 to 2019; proceeds to refund state's series 2004 highway improvement revenue bonds; pricing April 24.

NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY: $434.6 million series 2012 school facilities construction refunding bonds; competitive; Public Financial Management Inc. (financial adviser); proceeds to refund existing school construction bonds; pricing April 24.

• $412,795,000 series 2012II bonds due 2015 to 2027

• $21,805,000 series 2012JJ taxable bonds due March 1, 2014

RALEIGH (NORTH CAROLINA): $147.6 million series 2012 general obligation public improvement bonds; competitive; proceeds to finance parks and recreation facilities improvements, land acquisition, street improvements and transportation projects for the city; pricing April 24.

• $9 million series 2012A bonds due 2013 to 2032

• $138.6 million series 2012B bonds due 2013 to 2032

TRAVIS COUNTY (TEXAS): $84.81 million series 2012 bonds (Aaa/AAA/); competitive; D. Ladd Pattillo & Associates Inc. (financial adviser); proceeds to acquire and install computer equipment, improve and renovate existing county administrative and justice facilities, improve and renovate county jail facilities, construct and improve county roads and bridges, acquire county vehicles and equipment, acquire rights-of-way, source professional engineers for road construction projects and make other improvements; pricing April 24.

• $27.15 million series 2012 limited tax certificates of obligation due 2013 to 2017

• $3.5 million series 2012 limited tax state highway bonds due 2013 to 2032

• $32.24 million series 2012 limited tax permanent improvement bonds due 2013 to 2032

$21.92 million series 2012 unlimited tax road bonds due 2013 to 2032

April 26

INDEPENDENT SCHOOL DISTRICT NO. 112 OF CHASKA (MINNESOTA): $54.17 million series 2012A general obligation alternative facilities and refunding bonds; competitive; bonds due 2013 to 2025; proceeds to finance capital improvements to school property in the district and refund debt; pricing April 26.

Week of April 30

May 1

NORFOLK (VIRGINIA): $206,645,000 series 2012 general obligation bonds; negotiated; proceeds to fund capital improvements and refund existing G.O. bonds; pricing May 1.

• $119,625,000 series 2012A tax-exempt G.O. capital improvement bonds

• $56,585,000 series 2012B tax-exempt G.O. capital improvement refunding bonds

• $8,945,000 series 2012C AMT G.O. refunding bonds

• $21.49 million series 2012D taxable qualified school reconstruction bonds

On the Horizon

ALLEN COUNTY (OHIO)/CATHOLIC HEALTH PARTNERS: $268.45 million series 2012A hospital facilities revenue refunding and improvement bonds (A1/AA-/AA-); negotiated; Morgan Stanley & Co. LLC and J.P. Morgan Securities LLC (lead); Fifth Third Securities LLC, US Bancorp, Wells Fargo Securities LLC and Edward D. Jones & Co. LP (co-managers); proceeds to renovate, improve, repair and construct hospitals within the Catholic Health, as well as to refund existing debt.

CLEAR CREEK INDEPENDENT SCHOOL DISTRICT (TEXAS): $82.9 million series 2012B unlimited tax refunding bonds (//AA+); negotiated; Wells Fargo Securities LLC (lead); proceeds to refund a portion of the district's outstanding unlimited tax debt for interest savings.

DALLAS AND FORT WORTH/DALLAS-FORT WORTH INTERNATIONAL AIRPORT (TEXAS): $293.86 million series 2012C non-AMT joint revenue refunding and improvement bonds (A1/A+/A+); negotiated; Loop Capital Markets LLC and RBC Capital Markets LLC (lead); Jefferies & Co. and Raymond James/Morgan Keegan (co-managers); bonds due 2013 to 2031 with term bond due in 2042; proceeds to refund the airport's series 2001 revenue bonds.

DEVELOPMENT AUTHORITY OF BURKE COUNTY (GEORGIA)/GEORGIA TRANSMISSION CORPORATION VOGTLE PROJECT: $94,465,000 series 2012 pollution control revenue bonds (A2/AA-/AA-); negotiated; Bank of America Merrill Lynch (lead); Mitsubishi UFJ Securities and SunTrust Robinson Humphrey (co-managers); bonds due Jan. 1, 2052; proceeds to repay debt incurred to redeem existing pollution control revenue bonds issued by the authority to refinance the costs of water or air pollution control and sewage or solid waste disposal facilities at the Alvin W. Vogtle Plant in Burke County, Ga.

DORMITORY AUTHORITY OF THE STATE OF NEW YORK/MANHATTAN COLLEGE: $55 million (maximum); negotiated; proceeds to construct a student commons building and refund the college's series 2000 insured revenue bonds.

DORMITORY AUTHORITY OF THE STATE OF NEW YORK/NEW YORK UNIVERSITY: up to $73,025,000 of fixed- and/or variable-rate taxable bonds; maturity not to exceed 40 years; proceeds to pay all or a part of a line of credit used to construct the NYU Global Center for Academic and Spiritual Life.

ESCAMBIA COUNTY (FLORIDA): $65 million series 2012 solid waste removal revenue bonds; negotiated; Goldman, Sachs & Co. (lead); proceeds to finance solid waste removal projects within the county.

GRAND FORKS (NORTH DAKOTA/ALTRU HEALTH SYSTEM OBLIGATED GROUP: $125 million series 2012 health care system revenue bonds (Baa1//A-); negotiated; Bank of America Merrill Lynch and US Bancorp (lead); proceeds to finance capital improvements to Altru's facilities, as well as to refund the obligated group's series 1996A, 1997 and 2010A-B revenue bonds.

INDIANA FINANCE AUTHORITY: $120,105,000 series 2012 revenue and revenue refunding bonds (Aa1); negotiated; Citigroup Global Markets Inc. and Morgan Stanley & Co. LLC (lead); Fifth Third Securities LLC, Loop Capital Markets LLC and Raymond James & Associates/Morgan Keegan (co-managers); proceeds to refund existing debt used to construct and equip museum facilities, hospital facilities, state capitol building projects and an aviation center.

• $145,000 series 2012A Indiana State Museum Facility revenue refunding bonds due July 1, 2014

• $10.44 million series 2012B Evansville State Hospital Facility revenue refunding bonds due 2012, 2015, 2017, 2020 and 2022 to 2024

• $24.21 million series 2012C Logansport State Hospital Facility revenue refunding bonds due 2012 and 2015 to 2027

• $40,845,000 series 2012D Southeast Regional Treatment Center revenue refunding bonds due 2012 and 2015 to 2027

• $1,395,000 series 2012E Government Center Parking Facilities revenue refunding bonds due 2014 to 2015

• $480,000 series 2012F Government Center Parking facilities taxable revenue refunding bonds due 2012 to 2015

• $8,965,000 series 2012G Government Center North Facility taxable revenue refunding bonds due 2012 to 2015

• $910,000 series 2012H Government Center South Facility taxable revenue refunding bonds due 2012 to 2015

• $26,365,000 series 2012I state park projects revenue and refunding bonds due 2012 to 2025

• $1.8 million series 2012J taxable revenue refunding bonds due 2012 to 2025

• $4.55 million series 2012K aviation center project lease revenue refunding bonds due 2012 to 2017

LOS ANGELES UNIFIED SCHOOL DISTRICT (CALIFORNIA): $150 million series 2012A general obligation refunding bonds; negotiated; De La Rosa & Co. Inc. and Morgan Stanley & Co. LLC (lead); Rice Financial Products Co. (co-manager); proceeds to refund existing G.O. debt.

MAINE STATE HOUSING AUTHORITY: $97,085,000 series 2012A mortgage purchase bonds; negotiated; Citigroup Global Markets Inc. and Bank of America Merrill Lynch (lead); J.P. Morgan Securities LLC, Raymond James/Morgan Keegan, Morgan Stanley & Co. LLC and RBC Capital Markets LLC (co-managers); proceeds to purchase mortgages and refund existing debt.

• $65,285,000 series 2012A-1 AMT bonds due 2012 to 2022 with term bond due in 2025

• $11.8 million series 2012A-2 non-AMT bonds due Nov. 15, 2027

• $20 million series 2012A-3 non-AMT bonds due Nov. 15, 2030

MEMORIAL HEALTH SERVICES INC. (CALIFORNIA): $100 million series 2012 taxable bonds (/AA-/AA-); negotiated; Morgan Stanley & Co. LLC and Citigroup Global Markets Inc. (lead); proceeds for general corporate purposes.

MICHIGAN FINANCE AUTHORITY/TRINITY HEALTH CREDIT GROUP: $108.94 million series 2012MI hospital revenue refunding bonds (Aa2/AA/AA); negotiated; Bank of America Merrill Lynch and Goldman, Sachs & Co. (lead); BMO Capital Markets, J.P. Morgan Securities LLC and Wells Fargo Securities LLC; proceeds to refund the authority's series 2008C and 2009B-C revenue bonds issued for Trinity Health.

MONTGOMERY COUNTY/KETTERING HEALTH NETWORK OBLIGATED GROUP (OHIO): $94.24 million series 2012 hospital facilities revenue refunding bonds (A2/A/); negotiated; Bank of America Merrill Lynch (sole); proceeds to refund the obligated group's series 2008B variable-rate hospital facilities revenue refunding and improvement bonds.

NORTH CAROLINA MEDICAL CARE COMMISSION/VIDANT HEALTH: $153,005,000 series 2012A health care facilities refunding revenue bonds (A1/A+/); negotiated; Citigroup Global Markets Inc. (lead); Bank of America Merrill Lynch, Edward D. Jones & Co. LP and Wells Fargo Securities LLC (co-managers); proceeds to refund Vidant Health's series 1998A, 2008C and 2008E revenue bonds.

OLYMPIA SCHOOL DISTRICT NO. 111 (WASHINGTON): $59,865,000 series 2012 unlimited tax general obligation refunding bonds (Aa2/A+/); competitive; D.A. Davidson & Co. (financial adviser); bonds due 2012 to 2023; proceeds to advance refund district's series 2003 and 2005A G.O. bonds.

PEARLAND INDEPENDENT SCHOOL DISTRICT (TEXAS): $77.44 million series 2012 unlimited tax general obligation refunding bonds (//AAA); negotiated; Samco Capital Markets Inc. (lead); proceeds to refund a portion of the district's currently outstanding obligations.

RHODE ISLAND: $118,545,000 series 2012A consolidated capital loan general obligation bonds; negotiated; Janney Montgomery Scott LLC and Morgan Stanley & Co. LLC (lead); Fidelity Capital Markets LLC, Oppenheimer & Co., Roosevelt & Cross Inc., Raymond James/Morgan Keegan and TD Securities (USA) LLC (co-managers); bonds due 2015 to 2027; proceeds to refund existing debt.

STANFORD UNIVERSITY (CALIFORNIA): $140 million series 2012 taxable bonds (Aaa/AAA/AAA); negotiated; Goldman, Sachs & Co. and Morgan Stanley & Co. LLC (lead); Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Prager & Co. LLC (co-managers); bonds due May 1, 2042; proceeds to refinance commercial paper and other debt that refinanced capital projects for the university.

TUFTS UNIVERSITY (MASSACHUSETTS): $250 million series 2012A taxable bonds; negotiated; Barclays Capital Inc. and J.P. Morgan Securities LLC; bonds due April 15, 2112; proceeds for general corporate needs of the university.

WAYZATA (MINNESOTA)/FOLKSTONE SENIOR LIVING COMMUNITY: $98,295,000 series 2012 senior housing revenue bonds; negotiated; Piper Jaffray & Co. (lead); proceeds to be loaned to the Wayzata Bay Senior Housing Inc. for the construction, equipment and renovation of the Folkestone Senior Living Community.

• $75.18 million series 2012A senior housing revenue bonds

• $23,115,000 series 2012B senior housing entrance deposit revenue bonds

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