Municipal Calendar: Connecticut prepares $550 million general obligation bonds

Week of November 17

ATLANTA AND FULTON COUNTY RECREATION AUTHORITY (GEORGIA): $75 million series 2014 park improvement revenue and refunding bonds (Aa2/A+/); negotiated; Stifel, Nicolaus & Co. Inc. (lead); CastleOak Securities LP, Sterne, Agee & Leach Inc., IFS Securities and SecurityCapital (co-managers); proceeds to acquire, construct, improve and renovate recreational facilities, including golf courses, athletic fields, public zoos and related facilities, as well as to refund the authority’s series 2005A-B revenue bonds; pricing week of Nov. 17.

• $65 million series 2014A bonds

• $10 million series 2014B bonds

CLEVELAND-CUYAHOGA COUNTY PORT AUTHORITY/EUCLID AVENUE DEVELOPMENT CORP. (OHIO): $89,435,000 series 2014 development revenue bonds (/A-/); negotiated; Barclays (lead); PNC Capital Markets LLC, RBC Capital Markets LLC and Blaylock Beal Van LLC (co-managers); proceeds to finance a loan to the Euclid Avenue Development Corp. to refund its series 2005, 2008 and 2009A-B revenue bonds; pricing week of Nov. 17.

CONNECTICUT: $550 million series 2014 general obligation bonds; negotiated; J.P. Morgan Securities LLC (lead); Barclays, Morgan Stanley & Co. LLC, Ramirez & Co. Inc., Williams Capital Group LP, Robert Baird & Co., Blaylock Beal Van LLC, Estrada Hinojosa & Co., Janney Montgomery Scott LLC, Jefferies & Co., KeyBanc Capital Markets Inc., Loop Capital Markets LLC, Prager & Co. LLC, Rice Financial Products Co., U.S. Bancorp Investments Inc. and William Blair & Co. (co-managers); proceeds to finance various state projects, including clean water projects, and refund outstanding bonds; pricing week of Nov. 17.

• $240 million series 2014F general obligation bonds due 2015 to 2043

• $60 million series 2014G general obligation green bonds due 2028 to 2031

• $250 million series 2014H general obligation refunding bonds due 2016 to 2026

VIRGINIA SMALL BUSINESS AUTHORITY/HAMPTON UNIVERSITY: $125 million series 2014 refunding revenue bonds (/A-/); negotiated; Rice Financial Products Co. (lead); PNC Capital Markets LLC and SunTrust Robinson Humphrey (co-managers); proceeds to refund the university’s series 2008A revenue bonds, as well as to terminate a related swap agreement; pricing week of Nov. 17.

November 20

LOUISIANA: $199.99 million series 2014D general obligation bonds (Aa2/AA/AA); competitive; Lamont Financial Services Corp. (financial adviser); bonds due 2015 to 2034; proceeds to be applied to general government, veterans’ affairs, elected officials, economic development, culture, recreation and tourism, transportation, public safety and corrections, health and hospitals, natural resources, workforce, education, levee districts and ports; pricing Nov. 20.

• $160.09 million series 2014D-1 bonds

• $39.9 million series 2014D-2 bonds

NYU HOSPITALS CENTER (NEW YORK): $300 million series 2014A taxable bonds (A3/A-/A-); negotiated; Wells Fargo Securities LLC, BofA Merrill Lynch and J.P. Morgan Securities LLC (lead); bonds due July 1, 2044; proceeds to finance various construction, renovation and improvement projects, as well as to repay a line of credit and finance general corporate expenditures; pricing Nov. 20.

On the Horizon

BUILD NYC RESOURCE CORP./METROPOLITAN COLLEGE OF NEW YORK: $68 million series 2014 revenue bonds (//BB); negotiated; Janney Montgomery Scott LLC (sole); proceeds to acquire, furnish, equip and renovate condominiums at 40 Rector Street in Manhattan for administrative and classroom space.

BUILD NYC RESOURCE CORP./PRATT PAPER (NY), INC.: $96.3 million series 2014 solid waste disposal revenue bonds; negotiated; BofA Merrill Lynch (sole); bonds due 2020, 2025 and 2035; proceeds to acquire and install solid waste disposal equipment for Pratt Paper, as well as to refund the corporation’s series 1995 bonds.

CINCINNATI CHILDREN’S HOSPITAL MEDICAL CENTER (OHIO): $300 million taxable bonds; (Aa2/AA/); negotiated; J.P. Morgan Securities LLC and Goldman, Sachs & Co. (joint bookrunners); bonds due May 15, 2044; proceeds for corporate purposes.

ILLINOIS STATE TOLL HIGHWAY AUTHORITY: $270 million series 2014D toll highway senior revenue refunding bonds (Aa3/AA-/AA-); negotiated; Siebert Brandford Shank & Co. LLC and RBC Capital Markets LLC (lead); J.P. Morgan Securities LLC, Jefferies & Co., Duncan-Williams Inc., George K. Baum & Co., Janney Montgomery Scott LLC, KeyBanc Capital Markets LLC and Baird & Co. (co-managers); bonds due 2018 to 2025; proceeds to refund existing revenue bonds.

LA PAZ COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY (ARIZONA): $109 million series 2014 taxable senior lien refunding project revenue bonds (/BBB/); negotiated; Aegis Capital Corp. and Raymond James & Associates Inc. (lead); Municipal Capital Markets Group (co-manager); proceeds to refund and redeem the authority’s series 2013 revenue bonds, which were issued to construct an industrial park for corporate office space near Calexico, Calif.

METROPOLITAN DISTRICT OF HARTFORD COUNTY (CONNECTICUT): $140 million series 2014A clean water project revenue bonds (Aa2/AA/); negotiated; J.P. Morgan Securities LLC (lead); Estrada Hinojosa & Co., Inc., Morgan Stanley & Co. LLC, Roosevelt & Cross, Inc. and Siebert Brandford Shank & Co., LLC (co-managers); serial maturities from 2015 through 2037 and a term bond due Nov. 1, 2042; proceeds to fund bond anticipation notes due on Dec. 5, 2014 and to finance the district’s clean water project.

MINNESOTA MUNICIPAL POWER AGENCY: $73.51 million series 2014A electric revenue refunding bonds (A2//A); negotiated; BofA Merrill Lynch (lead); Morgan Stanley & Co. LLC (co-manager); bonds due 2016 to 2035; proceeds to advance refund the agency’s series 2005 revenue bonds, which are due in 2016, 2021, 2025, 2030 and 2035.

MISSOURI JOINT MUNICIPAL ELECTRIC UTILITY COMMISSION/PLUM POINT ENERGY STATION: $193.7 million of series 2014A power project revenue refunding bonds; negotiated; Wells Fargo Securities LLC and J.P. Morgan Securities LLC (lead); BofA Merrill Lynch, BMO Capital Markets Corp., Barclays and Goldman, Sachs & Co. (co-managers); proceeds to refund a portion of outstanding series 2006 bonds.

MONTGOMERY COUNTY INDUSTRIAL DEVELOPMENT BOARD/HANKOOK TIRE MANUFACTURING TENNESSEE LP (TENNESSEE): $30 million (up to $300 million) series 2014A taxable industrial development bonds (P-1/A1/A-1/A/); negotiated; BofA Merrill Lynch (lead); bonds due Dec. 1, 2024; proceeds to finance a loan to Hankook to acquire, construct and equip a manufacturing plant in Montgomery County to produce radial tires.

NORFOLK REDEVELOPMENT AND HOUSING AUTHORITY/FORT NORFOLK RETIREMENT COMMUNITY INC. – HARBOR’S EDGE (VIRGINIA): $56,245,000 series 2014 revenue and refunding bonds; negotiated; H.J. Sims & Co. Inc. (lead); bonds due 2016 to 2025 with term bonds due 2032 and 2047; proceeds to refund the authority’s series 2004A and 2010A revenue bonds issued for the project, as well as to finance pre-development costs associated with phase II of the project, including the expansion of existing facilities and the construction of new facilities. Fort Norfolk Retirement Community – Harbor’s Edge is a senior living facility on Colley Avenue in Norfolk, Va.

NORTH TEXAS TOLLWAY AUTHORITY (TEXAS): $224.33 million series 2014 Sifma index floating-rate revenue refunding bonds (A2/A-/); negotiated; Morgan Stanley & Co. LLC (lead); Loop Capital Markets LLC (co-manager); bonds due Jan. 1, 2038; proceeds to refund the authority’s series 2008E-3 revenue refunding bonds.

OHIO UNIVERSITY: $250 million of 100-year series 2014 general receipts bonds (Aa3/A+/); negotiated; Barclays (led); Goldman, Sachs & Co. (co-senior); due Dec 1, 2114; proceeds to pay a portion of costs of projects that include construction and upgrades to university facilities.

TARRANT COUNTY CULTURAL EDUCATION FACILITIES FINANCE CORP./TRINITY TERRACE (TEXAS): $85.1 million series 2014A revenue bonds (//BBB+); negotiated; Cain Brothers Inc. (lead); proceeds to finance the construction, acquisition, improvement and repair of health and senior living facilities for Trinity Terrace, a retirement community in Fort Worth, Texas, as well as to refinance the corporation’s series 2011 bonds.

• $63,885,000 series 2014A-1 bonds

• $21,215,000 series 2014A-2 bonds

VIRGINIA HOUSING DEVELOPMENT AUTHORITY: $120,389,857 series 2014A taxable commonwealth mortgage bonds (Aaa/AAA/); negotiated; BofA Merrill Lynch (lead); Raymond James & Associates Inc. and Wells Fargo Securities LLC (co-managers); bonds due Oct. 25, 2037; proceeds to redeem outstanding bonds.

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