Municipal Calendar: New Jersey Turnpike preps $809 million sale

Week of August 20

BAYLOR COLLEGE OF MEDICINE (TEXAS): $111,845,000 series 2012 medical facilities mortgage bonds (/A-/); negotiated; Barclays and Bank of America Merrill Lynch; proceeds to refund outstanding bonds; pricing week of Aug. 20.

CHICAGO/CHICAGO O'HARE INTERNATIONAL AIRPORT: $443.34 million series 2012 passenger facility charge revenue refunding bonds (A2/A-/A); negotiated; Citigroup Global Markets Inc. (lead); Wells Fargo Securities LLC, Loop Capital Markets LLC, Backstrom McCarley Berry & Co. LLC, BNY Mellon, Gardner Rich, Jackson Securities LLC, J.P. Morgan Securities LLC, Oppenheimer & Co. Inc., Rockfleet and Touissant Capital Partners (co-managers); proceeds to refund existing passenger facility charge bonds; pricing week of Aug. 20.

• $113.71 million series 2012A non-AMT bonds due 2013 to 2027 with term bond due in 2032

• $329.63 million series 2012B AMT bonds due 2013 to 2027 with term bond due in 2032

COLORADO HEALTH FACILITIES AUTHORITY/COVENANT RETIREMENT COMMUNITIES: $155,745,000 revenue and refunding bonds (/BBB-/BBB+); negotiated; Ziegler Capital Markets Inc. (lead); proceeds to finance the acquisition, construction, renovation, remodeling and equipping of retirement communities and to refund outstanding revenue bonds; pricing week of Aug. 20.

• $107,040,000 of series 2012A bonds

• $23,585,000 of series 2012B bonds

• $25,120,000 of series 2012C bonds

LAKELAND (FLORIDA): $100 million series 2012 variable-rate energy system refunding bonds (A1/AA/AA-); negotiated; Goldman, Sachs & Co. (lead); bonds due Oct. 1, 2017; bonds bear interest at the adjusted Sifma or the adjusted Libor rate; proceeds to refund the city's series 2009 variable-rate energy system refunding bonds; pricing week of Aug. 20.

MIAMI BEACH HEALTH FACILITIES AUTHORITY/MOUNT SINAI MEDICAL CENTER (FLORIDA): $133,525,000 series 2012 hospital revenue refunding bonds (Baa2/BBB/); negotiated; Raymond James/Morgan Keegan (lead); proceeds to refund and redeem series 1998 and series 2001A bonds; pricing week of Aug. 20.

NEW YORK STATE MORTGAGE AGENCY: $89.46 million series 175 taxable housing mortgage revenue bonds (Aa1); negotiated; Bank of America Merrill Lynch (lead); Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, CastleOak Securities, George K. Baum & Co., Loop Capital Markets LLC, M&T Securities Inc., Ramirez & Co. Inc., Siebert Brandford Shank & Co. LLC and Wells Fargo Securities LLC (co-managers); bonds due 2013 to 2023 with term bonds due 2025 and 2028; proceeds to finance mortgage loans; pricing week of Aug. 20.

TRANSPORTATION INFRASTRUCTURE PROPERTIES LLC (NEW YORK): $426,275,000 series 2012 revenue and refunding bonds; negotiated; Goldman, Sachs & Co. (lead); Cabrera Capital Markets LLC and Loop Capital Markets LLC (co-managers); proceeds to refund existing airport facilities revenue bonds; pricing week of Aug. 20.

• $125.38 million series 2012A New York Industrial Development Agency senior airport facilities revenue and refunding bonds

• $189,715,000 series 2012B Public Finance Authority senior airport facilities revenue and refunding bonds (/BBB-/)

• $28.2 million series 2012C Public Finance Authority senior airport facilities revenue and refunding bonds

• $13,945,000 series 2012D Public Finance Authority senior airport facilities revenue and refunding bonds

• $15.98 million series 2012E Public Finance Authority senior airport facilities revenue and refunding bonds

• $53,055,000 series 2012F Public Finance Authority senior airport facilities revenue and refunding bonds

WASHINGTON HEALTH CARE FACILITIES AUTHORITY/KADLEC REGIONAL MEDICAL CENTER: $60 million series 2012 revenue bonds (Baa3); negotiated; Piper Jaffray & Co.; bonds due 2015 to 2022 with term bonds due 2027, 2032 and 2042; proceeds to finance or reimburse the medical center for costs to acquire, construct, remodel, renovate and equip health care facilities; pricing week of Aug. 20.

WAYNE COUNTY AIRPORT AUTHORITY (MICHIGAN): $282 million series 2012 airport revenue bonds; negotiated; Citigroup Global Markets Inc. (lead); J.P. Morgan Securities LLC, Siebert Brandford Shank & Co. LLC, Bank of America Merrill Lynch and Loop Capital Markets LLC (co-managers for 2012A-B); J.P. Morgan, Siebert, Wells Fargo Securities LLC and Loop (co-managers for 2012C-D); proceeds to make capital improvements to the Detroit Wayne County Metropolitan Airport, as well as to refund the authority's series 1998A and 2002C-D revenue bonds; pricing week of Aug. 20.

• $180 million series 2012A non-AMT bonds

• $25 million series 2012B AMT bonds

• $4 million series 2012C non-AMT refunding bonds

• $73 million series 2012D AMT refunding bonds

August 23

AUSTIN (TEXAS): $141,035,000 series 2012 bonds (Aaa/AAA/AAA); competitive; Public Financial Management Inc. (financial adviser); proceeds to fund various capital improvements in the city and purchase equipment and personal property for city departments; pricing Aug. 23.

• $78.98 million series 2012A public improvement bonds due 2013 to 2032

• $6.65 million series 2012A taxable public improvement bonds due 2013 to 2032

• $25.89 million series 2012 certificates of obligation due 2013 to 2032

• $29,515,000 series 2012 public property finance contractual obligation due 2013 to 2019

FREDERICK COUNTY (MARYLAND): $61.95 million series 2012B general obligation public facilities taxable refunding bonds; competitive; Davenport & Co. LLC (financial adviser); bonds due 2013 to 2020 proceeds to advance refund county bonds; pricing Aug. 23.

NEW JERSEY TURNPIKE AUTHORITY: $809.95 million series 2012B turnpike revenue bonds (A3/A+/A); negotiated; Citigroup Global Markets Inc. and Goldman, Sachs & Co. (lead); Bank of America Merrill Lynch, Barclays and RBC Capital Markets LLC (co-managers); bonds due 2019 to 2030; proceeds to refund the authority's series 1991C-D, 2003A and 2009C-E revenue bonds; pricing Aug. 23.

NORTH TEXAS MUNICIPAL WATER DISTRICT: $57,205,000 series 2012 Upper East Fork Wastewater Interceptor System contract revenue refunding and improvement bonds (Aa1/AAA/); competitive; First Southwest Co. (financial adviser); bonds due 2013 to 2032; proceeds to construct the Lower Cottonwood Gravity Outfall, the Wilson Creek Interceptor, the Dublin Road Relift Station, the Lower Cottonwood Gravity Outfall and other wastewater interceptor pipelines and related facilities, as well as to refund existing debt; pricing Aug. 23.

On the Horizon

BLACK BELT ENERGY GAS DISTRICT (ALABAMA): $773,845,000 series 2012A gas project revenue bonds (A1/A-/A); negotiated; Goldman, Sachs & Co. and Merchant Capital LLC (lead); bonds due 2013 to 2042; proceeds to acquire natural gas as part of a prepaid natural gas purchase agreement.

CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY/TERRACES AT SAN JOAQUIN GARDENS: $72,715,000 series 2012 revenue bonds; negotiated; Ziegler Capital Markets LLC (lead); proceeds to be loaned to the Terraces at San Joaquin Gardens to reimburse the corporation for the construction, acquisition, equipment and renovation of senior living communities in Fresno, Calif.

• $49,365,000 series 2012A bonds due 2042

• $9,475,000 series 2012B-1 tax-exempt mandatory paydown securities due Oct. 1, 2019

• $13,875,000 series 2012B-2 tax-exempt mandatory paydown securities due Oct. 1, 2018

CALIFORNIA HEALTH FACILITIES FINANCING AUTHORITY/CHILDREN'S HOSPITAL OF LOS ANGELES: $174,585,000 series 2012 revenue bonds (Baa2/BBB+/); negotiated; Bank of America Merrill Lynch and Citigroup Global Markets Inc. (lead); proceeds to prepay the hospital's series 1999 certificates and refund its series 2009 and 2010B bonds.

• $122.44 million series 2012A bonds due 2015 to 2027 with term bonds due in 2029, 2032 and 2034

• $52,145,000 series 2012B variable-rate revenue bonds due July 1, 2042

DETROIT/WAYNE COUNTY STADIUM AUTHORITY (MICHIGAN): $61,275,000 series 2012 Building Authority refunding general obligation bonds (Baa2/BBB+/BBB+); negotiated; Citigroup Global Markets Inc. and Siebert Brandford Shank & Co. LLC (lead); Wells Fargo Securities LLC (co-manager); bonds due 2013 to 2026; proceeds to refund the authority's series 1997 Building Authority general obligation bonds.

DORMITORY AUTHORITY OF THE STATE OF NEW YORK: up to $600 million tax-exempt refunding bonds; negotiated; RBC Capital Markets LLC and Raymond James/Morgan Keegan (lead); proceeds to refund the authority's series 2002A-I school districts revenue bond financing program revenue bonds.

DORMITORY AUTHORITY OF THE STATE OF NEW YORK: up to $270 million tax-exempt and/or taxable fixed-rate bonds; negotiated; proceeds to finance capital projects at various campuses throughout the State University of New York System and current refund existing lease revenue bonds.

DORMITORY AUTHORITY OF THE STATE OF NEW YORK/LONG ISLAND UNIVERSITY: up to $66 million fixed-rate tax-exempt and/or taxable bonds; proceeds to current refund all or a portion of the authority's series 1999 and 2003A-B bonds sold for the university.

DORMITORY AUTHORITY OF THE STATE OF NEW YORK/MIRIAM OSBORN MEMORIAL HOME ASSOCIATION: up to $55 million tax-exempt revenue bonds; negotiated; Herbert J. Sims & Co. (lead); proceeds to make renovations and upgrades to the association's independent and assisted living facilities, as well as to refund its series 2000B revenue bonds.

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.

EDMONDS HIGH SCHOOL DISTRICT (WASHINGTON): $92,885,000 series 2012 unlimited tax general obligation refunding bonds (Aa1); negotiated; Seattle-Northwest Securities Inc. (lead); proceeds to refund the district's series 2006 general obligation bonds.

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.

HOUSTON (TEXAS)/CONVENTION & ENTERTAINMENT FACILITIES DEPARTMENT: hotel occupancy tax and special revenue refunding bonds (A2/A-/); negotiated; Hutchinson, Shockey, Erley & Co. and Mesirow Financial (lead); bonds due 2026 to 2033; proceeds to refund city's series 2001B-C and 2011A-B hotel occupancy tax and special revenue bonds.

MARYLAND HEALTH AND HIGHER EDUCATIONAL FACILITIES/JOHNS HOPKINS HEALTH SYSTEM OBLIGATED GROUP: $169,655,000 revenue bonds (Aa3/AA-/AA-); index floating-rate mode; negotiated; J.P. Morgan Securities LLC and Goldman, Sachs & Co.; proceeds to refund outstanding bonds.

• $84,605,000 of series 2012C bonds

• $85,050,000 of series 2012D bonds

MAYO CLINIC (MINNESOTA): $300 million series 2012B taxable bonds (Aa2/AA/); negotiated; Bank of America Merrill Lynch and Wells Fargo Securities LLC (lead); bonds due Nov. 15, 2043; proceeds for eligible corporate purposes.

NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY: $350 million series 2013 future tax secured bonds (Aa1/AAA/AAA); negotiated; TD Securities (USA) LLC (sole for 2013-4 bonds) and US Bancorp Inc. (sole for 2013A-5, 2013A-6 and 2013A-7 bonds); bonds due Aug. 1, 2039; proceeds to finance general capital needs for the city.

• $50 million series 2013A-4 tax-exempt subordinate adjustable-rate bonds

• $50 million series 2013A-5 tax-exempt subordinate adjustable-rate bonds

• $100 million series 2013A-6 tax-exempt subordinate adjustable-rate bonds

• $150 million series 2103A-7 tax-exempt subordinate adjustable-rate bonds

NORTH CAROLINA CAPITAL FACILITIES FINANCE AGENCY/WAKE FOREST UNIVERSITY: $110 million series 2012 educational facilities revenue bonds (Aa3/AA/); negotiated; Wells Fargo Securities LLC and BB&T Capital Markets LLC (lead); bonds due 2015 to 2033 with term bonds due 2040 and 2042; proceeds to construct and design residence halls, a dining hall and academic buildings, as well as to upgrade the university's heating plant.

NYU HOSPITALS CENTER: $250 million series 2012A taxable bonds (A3/A-/A-); negotiated; J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and Bank of America Merrill Lynch (lead); TD Securities (USA) LLC (co-manager); proceeds to finance various construction projects for the center.

RHODE ISLAND STUDENT LOAN AUTHORITY: $111 million series 2012 taxable Libor floating-rate notes (/AA+(sf)/AAA(sf)); negotiated; Bank of America Merrill Lynch (lead); notes due July 1, 2031; proceeds to acquire a portfolio of student loans.

SOUTH JERSEY PORT CORP.: $58,115,000 series 2012Q marine terminal revenue refunding bonds (A1/A-/); competitive; Goldman Beale Associates (financial adviser); bonds due 2014 to 2033; proceeds to advance refund the corporation's series 2002K marine terminal revenue bonds.

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.

TURLOCK PUBLIC FINANCING AUTHORITY (CALIFORNIA): $50 million series 2012 sewer revenue bonds (A1/AA/); negotiated; De La Rosa & Co. (lead); proceeds to refund the authority's series 1999 and 2003A revenue bonds.

UNIVERSITY OF ARKANSAS: $61,555,000 series 2012B various facility revenue bonds (Aa2); negotiated; Crews & Associates Inc. and Stephens Inc. (lead); bonds due 2013 to 2032 with term bonds due 2037 and 2042; proceeds to make improvements to the Fayetteville campus, including the renovation and equipment of Hotz Hall; the construction, acquisition, and equipment of a housing office; construction, equipment and acquisition of property for the Uptown campus; and the acquisition, construction and equipment of Founders Hall.

UTAH ASSOCIATED MUNICIPAL POWER SYSTEMS/HORSE BUTTE WIND PROJECT: $97,355,000 series 2012 revenue bonds (/A-/A-); negotiated; Citigroup Global Markets Inc. and BMO Capital Markets LLC (lead); Wells Fargo Securities LLC (co-manager); proceeds to make a prepayment for a specified supply of electricity.

• $70,395,000 series 2012A bonds due 2013 to 2032

• $26.96 million series 2012B variable-rate demand revenue bonds due Sept. 1, 2032

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