Municipal Calendar: Trinity Health Credit organizes $961.43 million composite deal

Week of February 2

TRINITY HEALTH CREDIT GROUP

• $961.43 million series 2015 composite issue revenue bonds

• Negotiated

• BofA Merrill Lynch and Goldman, Sachs & Co. (lead)

• J.P. Morgan Securities LLC, Cabrera Capital Markets LLC, Loop Capital Markets LLC and Wells Fargo Securities LLC (co-managers)

• Proceeds to finance capital improvements to Trinity Health facilities and refund existing bonds

• Pricing week of Feb. 2

• $640.63 million series 2015MI hospital revenue and refunding bonds through Michigan Finance Authority

• $169.74 million series 2015ID revenue bonds through Idaho Health Facilities Authority

• $151.06 million series 2015MD revenue bonds through Montgomery County, Md.

TRINITY HEALTH CREDIT GROUP

• $350 million series 2015 taxable bonds (Aa3/AA-/AA)

• Negotiated

• Goldman, Sachs & Co. and BofA Merrill Lynch (lead)

• J.P. Morgan Securities LLC and Wells Fargo Securities LLC (co-managers)

• Bonds due Dec. 1, 2045

• Proceeds for general corporate purposes

• Pricing week of Feb. 2

VIRGINIA PUBLIC SCHOOL AUTHORITY

• $458,675,000 series 2015A school financing refunding bonds (Aa1//AA+)

• Competitive

• Davenport & Co. LLC (financial adviser)

• Bonds due 2015 to 2037

• Proceeds to refund authority’s series 2006A-B, 2007A-B, 2008A-B and 2009B school financing bonds

• Pricing week of Feb. 2

February 4

LOS ANGELES DEPARTMENT OF AIRPORTS (CALIFORNIA)

• $499.4 million series 2015 revenue bonds (Aa3/AA/AA)

• Negotiated

• Morgan Stanley & Co. LLC (lead)

• BofA Merrill Lynch, Cabrera Capital Markets LLC, Loop Capital Markets LLC and Wells Fargo Securities LLC (co-managers)

• Proceeds to finance the enlargement and reconfiguration of the Tom Bradley International Terminal, demolition of the original terminal concourses and improvements to the original main terminal

• Pricing Feb. 4

• $268,955,000 series 2015A AMT senior revenue bonds

• $47,655,000 series 2015B non-AMT senior revenue bonds

• $182.79 million series 2015C non-AMT subordinate revenue refunding bonds

MAINE STATE HOUSING AUTHORITY

• $66.5 million series 2015 mortgage purchase bonds

• Negotiated

• Citigroup Global Markets Inc. and BofA Merrill Lynch (lead)

• J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, Raymond James/Morgan Keegan and RBC Capital Markets LLC

• Proceeds to make mortgage loans to qualified Maine residents

• Pricing Feb. 4

• $26.5 million series 2015B non-AMT bonds due 2017 to 2025 with term bonds due 2030, 2034 and 2040

• $40 million series 2015C taxable bonds due 2017 to 2025 with term bonds due 2030, 2034 and 2040

Week of February 9

February 10

COASTAL CAROLINA UNIVERSITY (SOUTH CAROLINA)

• $94.99 million series 2015 higher education revenue bonds (A1//A+)

• Competitive

• Stephens Inc. (financial adviser)

• Bonds due 2015 to 2042

• Proceeds to acquire existing student housing facilities adjacent to the university

• Pricing Feb. 10

February 11

MARYLAND DEPARTMENT OF TRANSPORTATION

• $300 million series 2015 consolidated transportation bonds (Aa1/AAA/AA+)

• Competitive

• Public Financial Management Inc. and Strategic Solutions Center LLC (financial advisers)

• Bonds due 2018 to 2030

• Proceeds to finance capital projects

• Pricing Feb. 11

MINNESOTA COLLEGES AND UNIVERSITIES BOARD OF TRUSTEES

• $77.85 million series 2015 revenue fund bonds (Aa2/AA-/)

• Competitive

• Sprinsted Inc. (financial adviser)

• $36.06 million series 2015A revenue fund and refunding bonds due 2015 to 2035

• $41.79 million series 2015B taxable revenue fund bonds due 2016 to 2035

• Proceeds to finance capital improvements to Minnesota State University campuses and to refund the board’s series 2005A revenue fund bonds

• Pricing Feb. 11

PALM BEACH COUNTY (FLORIDA)

• $66,135,000 series 2015 revenue refunding bonds (Aa1/AA+/AA+)

• Competitive

• Public Financial Management Inc. and Spectrum Municipal Services Inc. (financial advisers)

• Proceeds to refund county’s series 2008A and 2008-2 public improvement refunding bonds

• Pricing Feb. 11

On The Horizon

ALASKA HOUSING FINANCE CORP.

• $108.68 million series 2015A state capital projects bonds II (/AA+/AA+)

• Negotiated

• KeyBanc Capital Markets Inc. and BofA Merrill Lynch (lead)

• Citigroup Global Markets Inc., Goldman, Sachs & Co., J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC (co-managers)

• Bonds due 2016 to 2024 with term bonds 2025, 2026, 2027, 2028, 2029 and 2030

• Proceeds to finance capital projects for the state

BREVARD COUNTY SCHOOL BOARD (FLORIDA)

• $102,015,000 series 2015 refunding certificates of participation

• Negotiated

• Citigroup Global Markets Inc. and Wells Fargo Securities LLC (lead)

• Raymond James/Morgan Keegan and Stifel, Nicolaus & Co. Inc. (co-managers)

• $12.43 million series 2015B COPs due 2015 and 2022 to 2025

• $89,585,000 series 2015C COPs due 2015 to 2032

• Proceeds to refund board’s series 2007B-C COPs

CHEROKEE COUNTY SCHOOL SYSTEM (GEORGIA)

• $109,425,000 series 2015 general obligation bonds (Aa1/AA+/)

• Negotiated

• Citigroup Global Markets Inc. (lead)

• Proceeds to construct new school facilities and administrative facilities, as well as to renovate existing school buildings

• $51,315,000 series 2015A bonds due 2021 to 2033

• $58.11 million series 2015B refunding bonds due 2018 to 2019 and 2026 to 2028

EAST BAY MUNICIPAL UTILITY DISTRICT (CALIFORNIA)

• $70 million series 2015 wastewater system revenue refunding bonds (Aa2/AAA/AA+)

• Negotiated

• Siebert Brandford Shank & Co. LLC (lead)

• Stifel, Nicolaus & Co. Inc. and Wells Fargo Securities LLC (co-managers)

• Proceeds to refund existing wastewater debt

FOOTHILL/EASTERN TRANSPORTATION CORRIDOR AGENCY (CALIFORNIA)

• $77,626,113.90 series 2015A capital appreciation senior lien toll road refunding revenue bonds (Ba1/BBB-/BBB-)

• Negotiated

• Goldman, Sachs & Co. and Barclays (lead)

• Bonds due 2033 to 2035

• Proceeds to refund agency’s series 1995 revenue bonds

FORSYTH COUNTY WATER AND SEWERAGE AUTHORITY (GEORGIA)

• $75,015,000 series 2015 refunding and improvement revenue bonds (Aaa/AAA/)

• Negotiated

• Citigroup Global Markets Inc. (lead)

• Bonds due 2016 to 2037 with term bonds due 2039 and 2044

• Proceeds to finance improvements, extensions and additions to the county’s water and sewer system, as well as to refund a portion of the authority’s series 2005A and 2007 revenue bonds

INDIANA FINANCE AUTHORITY

• $155,825,000 series 2015A first lien wastewater utility revenue bonds (/AA/A)

• Negotiated

• J.P. Morgan Securities LLC (lead)

• Morgan Stanley & Co. LLC, City Securities Corp. and Wells Fargo Securities LLC (co-managers)

• Proceeds to finance improvements to wastewater facilities and repay draws made on a line of credit

KATY INDEPENDENT SCHOOL DISTRICT (TEXAS)

• $209.51 million series 2015 unlimited tax bonds (Aa1//AA)

• Negotiated

• J.P. Morgan Securities LLC (lead)

• George K. Baum & co., Edward D. Jones & Co. LP, Fidelity Capital Markets LLC, BOSC Inc., Goldman, Sachs & Co. and Oppenheimer & Co. (co-managers)

• Proceeds to finance the construction of school buildings in the district and to refund existing district debt

• $151,975,000 series 2015A school building bonds due 2015 to 2036

• $57,535,000 series 2015B refunding bonds due 2015 to 2036

LOUISIANA LOCAL GOVERNMENT ENVIRONMENTAL FACILITIES AND COMMUNITY DEVELOPMENT AUTHORITY/CITY OF BOSSIER CITY

• $77.12 million series 2015 revenue refunding bonds (Aa3/AA-/)

• Negotiated

• Stephens Inc. and Sisung Securities Corp. (lead)

• Bonds due 2018 to 2030 with term bonds due 2033, 2036 and 2037

• Proceeds to refund authority’s series 2007 City of Bossier City improvement revenue bonds

LOUISIANA LOCAL GOVERNMENT ENVIRONMENTAL FACILITIES AND COMMUNITY DEVELOPMENT AUTHORITY/ST. JAMES PLACE AT BATON ROUGE

• $62.5 million series 2015 health care facilities revenue refunding bonds

• Negotiated

• Ziegler and Co. Inc. (sole)

• Proceeds to refund authority’s series 2007 revenue bonds and terminate a related swap agreement

• $59,955,000 series 2015A bonds

• $2,545,000 series 2015B bonds

MEDSTAR HEALTH INC. (MARYLAND)

• $103 million series 2015 revenue bonds (A2/A-/A)

• Negotiated

• J.P. Morgan Securities LLC and BofA Merrill Lynch (lead)

• Citigroup Global Markets Inc., Loop Capital Markets LLC, RBC Capital Markets LLC, U.S. Bancorp Investments Inc. and Wells Fargo Securities LLC (co-managers)

• Bonds due 2016 to 2031

• Proceeds to finance and refinance the acquisition and renovation of ambulatory care facilities and other capital projects

MEMORIAL SLOAN KETTERING CANCER CENTER (NEW YORK)

• $550 million series 2015 taxable bonds (Aa3/AA-/AA)

• Negotiated

• Goldman, Sachs & Co. and J.P. Morgan Securities LLC (lead)

• Morgan Stanley & Co. LLC and BofA Merrill Lynch (co-managers)

• Proceeds for capital projects and other corporate purposes

NEW YORK-PRESBYTERIAN HOSPITAL (NEW YORK)

• $750 million series 2015 taxable bonds (Aa3//AA)

• Negotiated

• Goldman, Sachs & Co. (sole)

• Proceeds for eligible corporate purposes

OHIO

• $189.66 million series 2015 general obligation bonds (Aa1/AA+/AA+)

• Competitive

• Acacia Financial Group Inc. (financial adviser)

• Proceeds to refund existing G.O. debt

• $74.31 million series 2015A common schools refunding G.O. bonds due 2015 and 2024 to 2026

• $28.98 million series 2015A higher education refunding G.O. bonds due 2020 to 2025

• $74,365,000 series 2015A infrastructure improvement refunding G.O. bonds due 2020 to 2025

• $12,005,000 series 2015A conservation project refunding G.O. bonds due 2020 to 2022

OHIO/CASE WESTERN RESERVE UNIVERSITY

• $51.5 million series 2015A higher educational facility revenue bonds (A1/AA-/)

• Negotiated

• Morgan Stanley & Co. LLC (lead)

• J.P. Morgan Securities LLC and Wells Fargo Securities LLC (co-managers)

• Bonds due 2015 to 2029 with term bonds due 2034

• Proceeds to finance capital improvements at the Cleveland-based university

PALM BEACH COUNTY SCHOOL BOARD (FLORIDA)

• $65.16 million series 2015C certificates of participation (Aa3//AA-)

• Negotiated

• Morgan Stanley & Co. LLC (lead)

• BofA Merrill Lynch, Citigroup Global Markets Inc., J.P. Morgan Securities LLC, RBC Capital Markets LLC and Wells Fargo Securities LLC (co-managers)

• Proceeds to prepay a portion of series 2011A COPs and refund series 2007B COPs

PALM BEACH COUNTY SCHOOL BOARD (FLORIDA)

• $224,515,000 series 2015D certificates of participation (Aa3//AA-)

• Negotiated

• J.P. Morgan Securities LLC (lead)

• BofA Merrill Lynch, Citigroup Global Markets Inc., Morgan Stanley & Co. LLC, RBC Capital Markets LLC and Wells Fargo Securities LLC (co-managers)

• Bonds due 2015 and 2018 to 2032

• Proceeds to prepay a portion of series 2011A COPs and refund series 2007B COPs

PENNSYLVANIA HOUSING FINANCE AGENCY

• $149.4 million series 2015-116 single-family mortgage revenue bonds

• Negotiated

• Morgan Stanley & Co. LLC (lead)

• Barclays, BofA Merrill Lynch, Drexel Hamilton LLC, George K. Baum & Co. LLC, J.P. Morgan Securities LLC, PNC Capital Markets LLC, Quoin Capital LLC, RBC Capital Markets LLC and Wells Fargo Securities LLC (co-managers)

• Proceeds to purchase mortgage loans for single-family residences

• $98.3 million series 2015-116A AMT bonds due 2015 to 2026 with term bonds due 2030 and 2033

• $51.1 million series 2015-116B non-AMT bonds due 2035, 2040 and 2045

ROUND ROCK INDEPENDENT SCHOOL DISTRICT (TEXAS)

• $75,625,000 series 2015 unlimited tax school building bonds

• Negotiated

• RBC Capital Markets LLC (lead)

• Piper Jaffray & Co. and Siebert Brandford Shank & Co. LLC (co-managers)

• Bonds due 2016 to 2040

• Proceeds to finance the acquisition of school facilities, including technology and buses, as well as to repair, improve, construct and acquire school buildings within the district

SOUTHERN CALIFORNIA PUBLIC POWER AUTHORITY

• $111.64 million series 2015 transmission project revenue bonds (/AA-/AA-)

• Negotiated

• Wells Fargo Securities LLC (lead)

• Citigroup Global Markets Inc. and J.P. Morgan Securities LLC (co-managers)

• Proceeds to refund the authority’s series 2000A refunding bonds and terminate a related swap agreement

• $83,005,000 series 2015A subordinate refunding bonds due 2019 to 2021

• $28,635,000 series 2015B taxable bonds due 2015 to 2021

TARRANT REGIONAL WATER DISTRICT (TEXAS)

• $160,115,000 series 2015 water revenue refunding bonds (/AAA/AA+)

• Negotiated

• Citigroup Global Markets Inc. (lead)

• J.P. Morgan Securities LLC, Ramirez & Co. Inc. and RBC Capital Markets LLC (co-managers)

• Bonds due 2016 to 2029

• Proceeds to refund district’s series 2006 water revenue bonds

UNIVERSITY OF COLORADO HOSPITAL AUTHORITY

• $265,955,000 series 2015 revenue and refunding bonds (Aa3/P-1/AA-/A-1+/AA-/F1+)

• Negotiated

• Citigroup Global Markets Inc. (lead)

• $151.52 million series 2015A bonds due Nov. 15, 2046

• $57.49 million series 2015B bonds due Nov. 15, 2039

• $56,945,000 series 2015C bonds due Nov. 15, 2024

• Proceeds to construct a two-story addition to the Poudre Valley Hospital, the build-out of an inpatient tower at Anschutz Inpatient Pavilion at the UCHealth Anschutz campus, renovation of facilities at Memorial Central and other improvements, as well as to refund the authority’s series 2005F and 2006A revenue bonds

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