Municipal Calendar: North Texas Tollway preps $872.27 million bond sale

Week of April 6

FREMONT UNION HIGH SCHOOL DISTRICT (CALIFORNIA)

• $100 million election of 2014 series 2015 general obligation bonds (Aa1/AAA/)

• Negotiated

• Morgan Stanley & Co. LLC and George K. Baum & Co. (lead)

• Proceeds to finance construction and modernization projects for the district

• Pricing week of April 6

GLYNN-BRUNSWICK MEMORIAL HOSPITAL AUTHORITY/SOUTHEAST GEORGIA HEALTH SYSTEM

• $83.02 million series 2015 revenue anticipation certificates (A2/A-/)

• Negotiated

• Raymond James/Morgan Keegan (lead)

• Bonds due 2017 to 2026 with term bond due 2035

• Proceeds to refund a portion of the system’s series 2008A revenue anticipation certificates

• Pricing week of April 6

JACKSON (TENNESSEE)/JACKSON-MADISON COUNTY GENERAL HOSPITAL

• $195 million series 2015 hospital revenue refunding bonds (A1/A+/)

• Negotiated

• Goldman Sachs & Co. (lead)

• Proceeds to refund hospital’s series 2008 revenue bonds

• Pricing week of April 6

LONE STAR COLLEGE SYSTEM (TEXAS)

• $230,295,000 series 2015 general obligation bonds (/AAA/)

• Negotiated

• Piper Jaffray & Co. and Citigroup Global Markets Inc. (lead)

• J.P. Morgan Securities LLC, Ramirez & Co. Inc., Estrada Hinojosa & Co. Inc. and First Southwest Co. (co-managers)

• Proceeds to construct and renovate school buildings for the system, acquire necessary sites and refund existing G.O. bonds

• Pricing week of April 6

• $127,935,000 series 2015A limited tax G.O. bonds due 2016 to 2017 and 2020 to 2035 with term bonds due 2040 and 2045

• $102.36 million series 2015B limited tax G.O. refunding bonds due 2020 to 2028

NORTH TEXAS TOLLWAY AUTHORITY

• $871,265,000 series 2015A system second tier revenue refunding bonds (A3/BBB+/)

• Negotiated

• J.P. Morgan Securities LLC and Loop Capital Markets LLC (lead)

• Barclays, Estrada Hinojosa & Co. Inc., Morgan Stanley & Co. LLC, RBC Capital Markets LLC and Siebert Brandford Shank & Co. LLC (co-managers)

• Proceeds to refund the authority’s series 2008F system second tier revenue refunding bonds

• Pricing week of April 6

PHILADELPHIA REDEVELOPMENT AUTHORITY (PENNSYLVANIA)

• $73,495,000 series 2015A city service agreement revenue refunding bonds (A2/A+/A-)

• Negotiated

• Goldman Sachs & Co. and Siebert Brandford Shank & Co. LLC (lead)

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

• Bonds due 2027 to 2031

• Proceeds to refund the authority’s series 2005C city service agreement revenue bonds

• Pricing week of April 6

TAMPA/UNIVERSITY OF TAMPA (FLORIDA)

• $80 million series 2015 revenue and revenue refunding bonds

• Negotiated

• SunTrust Robinson Humphrey Inc. and BofA Merrill Lynch (lead)

• Proceeds to finance the construct, equipment, acquisition and renovation of student housing facilities and to construct, equip and acquire a mixed-use facility including improvements to an existing parking garage, offices, classrooms and other facilities and to refund the university’s series 2006 revenue bonds

• Pricing week of April 6

UNIVERSITY OF AKRON (OHIO)

• $99,385,000 series 2015A general receipts bonds (A1/AA-/AA-)

• Negotiated

• PNC Capital Markets LLC (lead)

• Bonds due 2016 to 2032

• Proceeds to advance refund certain maturities of the university’s series 2008A-B bonds

• Pricing week of April 6

April 7

ONONDAGA COUNTY RESOURCE RECOVERY AGENCY (NEW YORK)

• $52,965,000 series 2015 revenue bonds (A2/AA/)

• Negotiated

• TD Securities (USA) Inc. (lead)

• Proceeds to provide capital funding for agency and refund series 2003B bonds

• Pricing April 7

April 8

DECATUR TOWNSHIP MULTI-SCHOOL BUILDING CORP. (INDIANA)

• $74.77 million series 2015 ad valorem tax first mortgage multipurpose bonds (/AA+/)

• Negotiated

• KeyBanc Capital Markets LLC (lead)

• Bonds due 2015 to 2029

• Proceeds to finance school capital projects

• Pricing April 8

DORMITORY AUTHORITY OF THE STATE OF NEW YORK/NEW YORK UNIVERSITY

• $650 million series 2015A revenue bonds (Aa3/AA-/)

• Negotiated

• Morgan Stanley & Co. LLC and J.P. Morgan Securities LLC (lead)

• BofA Merrill Lynch, Wells Fargo Securities LLC and The Williams Capital Group LP (co-managers)

• Proceeds to finance the pre-renovation costs associated with an improvement project on a university building on Jay Street in Brooklyn, as well as various capital improvements at university facilities and to refinance a commercial bank loan

• Pricing April 8

NEW YORK UNIVERSITY

• $250 million series 2015 taxable bonds (Aa3/AA-/)

• Negotiated

• Morgan Stanley & Co. LLC and J.P. Morgan Securities LLC (lead)

• Proceeds for general corporate purposes

• Pricing April 8

April 9

CALIFORNIA DEPARTMENT OF PUBLIC WORKS

• $244.46 million series 2015 lease revenue bonds (A1/A/A)

• Negotiated

• Goldman Sachs & Co. (lead)

• Academy Securities Inc. (co-senior manager)

• Brandis Tallman LLC, BofA Merrill Lynch, Citigroup Global Markets Inc., Fidelity Capital Markets Inc., Great Pacific Securities, Mischler Financial Group, RH Investment Corp., Siebert Brandford Shank & Co. LLC, Westhoff, Cone & Holmestedt and William Blair & Co. Inc. (co-managers)

• Proceeds to finance capital improvements at various jails, rehabilitation facilities and courthouses

• Pricing April 9

• $52,405,000 series 2015A Department of Corrections and Rehabilitation bonds

• $22,125,000 series 2015B Judicial Council of California bonds

• $45.66 million series 2015C Department of Corrections and Rehabilitation bonds

• $19.58 million series 2015D Department of Corrections and Rehabilitation bonds

• $104.69 million series 2015E Department of Corrections and Rehabilitation bonds

CALIFORNIA MUNICIPAL FINANCE AUTHORITY

• $93.07 million series 2015A water revenue bonds (/AAA/AAA)

• Negotiated

• J.P. Morgan Securities LLC and Wells Fargo Securities LLC (lead)

• Cabrera Capital Markets LLC, Loop Capital Markets LLC, Siebert Brandford Shank & Co. LLC, Wells Fargo Securities LLC, Citigroup Global Markets Inc., Estrada Hinojosa & Co., Goldman, Sachs & Co., Jefferies & Co., Mesirow Financial Inc., Ramirez & Co. and William Blair & Co. (co-managers)

• Bonds due 2015 to 2045

• Proceeds to refund bond anticipate notes to finance capital improvements to the authority’s water infrastructure and to refund its series 2008 revenue bonds

• Pricing April 9

CHAFFEY JOINT UNION HIGH SCHOOL DISTRICT (CALIFORNIA)

• $150 million election of 2012 series 2015B general obligation bonds (Aa2/AA-/)

• Negotiated

• RBC Capital Markets LLC (lead)

• Proceeds to finance capital improvements to school facilities within the district

• Pricing April 9

COMMONWEALTH FINANCING AUTHORITY (PENNSYLVANIA)

• $196.29 million series 2015 revenue bonds (A2/A+/A+)

• Negotiated

• PNC Capital Markets LLC (lead)

• Janney Montgomery Scott LLC and RBC Capital Markets LLC (co-managers)

• Proceeds to provide additional funding for the Alternative Energy Development Program and refund authority’s series 2005A-B and 2006A revenue bonds

• Pricing April 9

• $96 million series 2015A tax-exempt bonds due 2016 to 2035

• $96,915,000 series 2015B-1 tax-exempt refunding bonds due 2021 to 2026

• $3,375,000 series 2015B-2 taxable refunding bonds due 2021

LUZERNE COUNTY (PENNSYLVANIA)

• $140 million series 2015 general obligation refunding bonds

• Negotiated

• Citigroup Global Markets Inc. (lead)

• Proceeds to refund the county’s series 1998A, 2002C and 2005A bonds and its series 2006A notes

• Pricing April 9

MISSOURI HEALTH AND EDUCATIONAL FACILITIES AUTHORITY/COX HEALTH

• $124,205,000 series 2015A health facilities revenue bonds (A2//A)

• Negotiated

• Jefferies & Co. (lead)

• Proceeds to refund Cox Health’s series 2008A revenue bonds

• Pricing April 9

Week of April 13

April 14

HOUSTON HIGHER EDUCATION FINANCE CORP./KIPP INC. (TEXAS)

• $77.08 million series 2015 education revenue refunding bonds

• Competitive

• USCA Municipal Advisors LLC (financial adviser)

• Bonds due 2015 to 2044

• Proceeds to refund corporation’s series 2006A and 2009A education revenue bonds

• Pricing April 14

On The Horizon

BJC HEALTH SYSTEM (MISSOURI)

• $150 million series 2015A taxable bonds (Aa2/AA/)

• Negotiated

• RBC Capital Markets LLC (lead)

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

• Proceeds for general corporate purposes

CHICAGO BOARD OF EDUCATION (ILLINOIS)

• $372.22 million series 2015 dedicated alternate revenues unlimited tax general obligation bonds (/A-/)

• Negotiated

• PNC Capital Markets LLC and BMO Capital Markets (lead)

• Cabrera Capital Markets LLC, Loop Capital Markets LLC, Siebert Brandford Shank & Co. LLC, Wells Fargo Securities LLC, Citigroup Global Markets Inc., Estrada Hinojosa & Co., Goldman Sachs & Co., Jefferies & Co., Mesirow Financial Inc., Ramirez & Co. and William Blair & Co. (co-managers)

• Proceeds to finance capital projects and refund board’s series 2013B-C G.O. bonds

• $175,675,000 series 2015C project bonds

• $100 million series 2015D mandatory put project bonds

• $20 million series 2015E green project bonds

• $76,545,000 series 2015F refunding bonds

DORMITORY AUTHORITY OF THE STATE OF NEW YORK

• $103.28 million series 2015 school districts revenue bond financing program revenue bonds (Aa3//AA-)

• Negotiated

• Raymond James/Morgan Keegan and Roosevelt & Cross Inc. (lead)

• Jefferies & Co. and RBC Capital Markets LLC (co-managers)

• Proceeds to finance capital improvements for qualified school districts and refund existing bonds

• $41.06 million series 2015A bonds

• $56,965,000 series 2015B bonds

• $5,255,000 series 2015C bonds

FORSYTH COUNTY (GEORGIA)

• $145,065,000 series 2015 general obligation bonds (Aaa/AAA/)

• Negotiated

• Citigroup Global Markets Inc. (lead)

• Proceeds to construct, renovate and improve roads, streets, bridges and sidewalks in the county and to refund the county’s series 2008A G.O. bonds

• $84.29 million series 2015A G.O. bonds due 2018 to 2035

• $60,775,000 series 2015B G.O. refunding bonds due 2020 to 2028

GEORGIA HOUSING AND FINANCE AUTHORITY

• $103.28 million series 2015A single family mortgage bonds (/AAA/)

• Negotiated

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

• J.P. Morgan Securities LLC, Raymond James/Morgan Keegan and RBC Capital Markets LLC (co-managers)

• Proceeds to refund authority’s series 2004B-2 and 2009C-4 and 2009C-5 bonds

• $88,745,000 series 2015A-1 bonds due 2022 to 2026 with term bonds due 2030, 2035, 2040 and 2045

• $14,535,000 series 2015A-2 bonds due 2015 to 2022

MASSACHUSETTS

• $150 million series 2015 special obligation dedicated tax revenue bonds

• Negotiated

• Proceeds to finance capital projects

MICHIGAN FINANCE AUTHORITY/SPARROW OBLIGATED GROUP

• $214,195,000 series 2015 hospital revenue and refunding bonds (A1/A+/)

• Negotiated

• RBC Capital Markets LLC (lead)

• PNC Capital Markets LLC (co-manager)

• Bonds due 2015 to 2036

• Proceeds to construct a four-story medical office building at Sparrow Hospital in Ionia, Mich., as well as refund series 2005 and a portion of 2007 revenue bonds

NORTH CAROLINA MEDICAL CARE COMMISSION/REX HEALTHCARE

• $50 million series 2015 health care facilities revenue bonds (A2/AA-/AA-)

• Negotiated

• BofA Merrill Lynch and Wells Fargo Securities LLC (lead)

• Proceeds to finance capital improvements and upgrades to Rex Healthcare facilities

OREGON

• $92,125,000 series 2015 community college project general obligation bonds (Aa1/AA+/AA+)

• Negotiated

• J.P. Morgan Securities LLC (lead)

• D.A. Davidson & Co., Fidelity Capital Markets Inc., U.S. Bancorp Investments Inc. and Wells Fargo Securities LLC (co-managers)

• Proceeds to make grants to nine community college districts in the state

• $56.04 million series 2015J tax-exempt bonds due 2017 to 2039

• $32.44 million series 2015K tax-exempt refunding bonds due 2015 to 2037

• $3,645,000 series 2015L taxable bonds due 2015 to 2017

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

ST. LUCIE COUNTY SCHOOL DISTRICT (FLORIDA)

• $84.4 million series 2015 sales tax refunding revenue bonds (A2/A/A)

• Negotiated

• J.P. Morgan Securities LLC (lead)

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

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

TREASURER OF THE STATE OF OHIO/PORTSMOUTH GROUP LLC

• $230.76 million series 2015 tax-exempt private activity bonds

• Negotiated

• J.P. Morgan Securities LLC and Barclays (lead)

• Bonds due 2019 to 2024 with term bonds due 2025, 2026, 2027, 2028, 2029, 2030, 2035, 2039 and 2053

• Proceeds to finance the construction of a stretch of the Appalachian Development Highway System through Ohio. The system extends from New York State to Mississippi

UPPER SANTA CLARA VALLEY JOINT POWERS AUTHORITY (CALIFORNIA)

• $64 million series 2015A revenue bonds (/AA-/AA-)

• Negotiated

• Citigroup Global Markets Inc. (lead)

• Proceeds to prepay authority’s series 2006C certificates

VILLAGE COMMUNITY DEVELOPMENT DISTRICT NO. 7 (FLORIDA)

• $62,405,000 series 2015 special assessment revenue refunding bonds (//A)

• Negotiated

• Citigroup Global Markets Inc. (lead)

• Bonds due 2016 to 2025 with term bonds due 2030 and 2036

• Proceeds to refund the district’s series 2006 special assessment revenue bonds

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.