New Jersey Educational Facilities offers $75 million Seton Hall bonds

By Cristal Cody

Tupelo, Miss., Sept. 17 - The New Jersey Educational Facilities Authority plans to price $75 million revenue refunding bonds for Seton Hall University by Oct. 1, according to preliminary official statements.

The $51 million series 2008D bonds will price initially with a long-term interest rate. Maturities and ratings have not been designated.

The $24 million series 2008E revenue refunding bonds (A3/A/) have serial maturities from 2009 through 2028 with terms due 2033 and 2037.

Citigroup Global Markets is the senior manager of the negotiated sales. RBC Capital Markets is a co-manager on the series 2008E bonds.

Proceeds will be used to refund the $50.025 million outstanding from the series 2005C revenue bonds and the $20.2 million outstanding in series 2006A revenue refunding bonds.

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