Municipal Calendar: Dallas Area Rapid Transit offers $482.53 million bonds

Week of February 1

CALIFORNIA SCHOOL FINANCE AUTHORITY:

• $87.4 million series 2016 charter school revenue refunding bonds

• Negotiated

• Stifel, Nicolaus & Co. LLC (lead)

• Proceeds to construct, equip, improve and renovate the charter school facilities

LIVONIA PUBLIC SCHOOLS SCHOOL DISTRICT (MICHIGAN):

• $87.05 million series 2016-II school building and site general obligation bonds

• Negotiated

• J.P. Morgan Securities LLC (lead)

• Stifel, Nicolaus & Co. Inc. and Fifth Third Securities Inc. (co-managers)

• Bonds due 2017 to 2045

• Proceeds to acquire, construct, equip and improve school facilities and purchase sites for future school buildings

NEW YORK STATE MORTGAGE AGENCY:

• $104,955,000 series 195-196 homeowner mortgage revenue bonds

• Negotiated

• BofA Merrill Lynch (lead)

• Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, Academy Securities, Drexel Hamilton LLC, Jefferies & Co. Inc., Loop Capital Markets LLC, Ramirez & Co. Inc., RBC Capital Markets LLC and Siebert Brandford Shank & Co. LLC (co-managers)

• Proceeds to finance mortgage loans

• $77.26 million series 195 non-AMT bonds due 2025 to 2026 with term bonds due 2031, 2036, 2040 and 2046

• $27,695,000 series 196 AMT bonds due 2016 to 2025 with term bond due 2037

SAN DIEGO REGIONAL BUILDING AUTHORITY (CALIFORNIA):

• $108.15 million series 2016A lease revenue refunding bonds

• Negotiated

• Barclays (lead)

• BofA Merrill Lynch and Fidelity Capital Markets (co-managers)

• Bonds due 2016 to 2035

• Proceeds to refund the authority’s series 2009A lease revenue bonds

UNIVERSITY OF UTAH:

• $69,535,000 series 2016A general revenue bonds (Aa1/AA+)

• Negotiated

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

• Bonds due 2017 to 2036

• Proceeds to redevelop the university’s Orson Spencer Hall and renovate the orthopedic center, as well as to refund its series 2012A auxiliary and campus facilities revenue bonds

February 2

CUPERTINO UNION SCHOOL DISTRICT (CALIFORNIA):

• $76 million election of 2012 series 2016C general obligation refunding bonds (Aa1/AA-)

• Negotiated

• BofA Merrill Lynch (lead)

• Proceeds to refund existing G.O. bonds

NASSAU COUNTY (NEW YORK):

• $120.14 million series 2016B general improvement bonds (A2)

• Competitive

• Public Financial Management Inc. (financial adviser)

• Bonds due 2017 to 2030

• Proceeds to finance capital improvements for the county

February 4

DALLAS AREA RAPID TRANSIT (TEXAS):

• $482.53 million series 2016A senior lien sales tax refunding bonds (Aa2/AA+)

• Negotiated

• Morgan Stanley & Co. LLC (lead)

• Citigroup Global Markets Inc., Loop Capital Markets LLC, Piper Jaffray & Co., Drexel Hamilton LLC, Jefferies & Co., Ramirez & Co. Inc., Rice Financial Products Co., Samco Capital Markets Inc., Siebert Brandford Shank & Co. LLC, Stern Brothers & Co., Stifel, Nicolaus & Co. Inc. and Williams Capital Group LP (co-managers)

• Proceeds to refund existing revenue bonds

METROPOLITAN ATLANTA RAPID TRANSIT AUTHORITY (GEORGIA):

• $247,735,000 series 2016B sales tax revenue refunding bonds

• Competitive

• Public Financial Management Inc. and Pinnacle Investment Advisors (financial advisers)

• Proceeds to refund the authority’s series 2007B revenue bonds

UNIVERSITY OF MARYLAND:

• $201.33 million series 2016 auxiliary facility and tuition revenue bonds (Aa1/AA+/)

• Competitive

• Public Financial Management Inc. (financial adviser)

• Proceeds to finance capital projects for the university and refund its series 2008A, 2009A and 2011A revenue bonds

• $140 million series 2016A revenue bonds due 2017 to 2036

• $61.33 million series 2016B refunding bonds due 2017 to 2030

Week of February 8

February 9

WASHINGTON:

• $522,105,000 series 2016 general obligation bonds (Aa1/AA+/AA+)

• Competitive

• Montague De Rose & Associates and Piper Jaffray & Co. (financial advisers)

• Proceeds to finance K-12 school renewal and replacement projects, facilities for state universities and community and technical colleges, state facilities projects, outdoor recreation facilities, state water supply development, flood mitigation and prevention, habitat conservation and farmland and riparian protection projects, as well as to fund high-occupancy vehicle projects in Pierce County, widen Interstate 405, improve Interstate 90 at the Snoqualmie Pass East, improve and realign to the North Spokane Corridor of U.S. 395 and improve Interstate 5 in Cowlitz and Lewis counties

• $321.58 million series 2016C various purpose G.O. bonds due 2017 to 2041

• $200,525,000 series 2016D motor vehicle fuel tax G.O. bonds due 2017 to 2041

On The Horizon

FLORIDA DEVELOPMENT FINANCE CORP.:

• $1.75 billion series 2015A-B All-Aboard Florida Passenger Rail project surface transportation facilities revenue bonds

• Negotiated

• BofA Merrill Lynch (lead)

• Proceeds to finance a commuter rail linking Miami with Orlando International Airport

GUAM WATERWORKS AUTHORITY:

• $143.31 million series 2016 water and wastewater system revenue bonds (Baa2/A-/BBB-)

• Negotiated

• Citigroup Global Markets Inc. and Barclays (lead)

• Bonds due 2020 to 2036 with term bonds due 2041 and 2046

• Proceeds to fund capital improvements to the government’s water and wastewater systems.

PARTNERS HEALTHCARE SYSTEM (MASSACHUSETTS):

• $100 million series 2016 taxable bonds (Aa3/AA-/AA)

• Negotiated

• J.P. Morgan Securities LLC (lead)

• BofA Merrill Lynch, Barclays, Jefferies & Co., TD Securities (USA) LLC and Wells Fargo Securities LLC (co-managers)

• Proceeds for general corporate purposes

UTAH:

• $93,695,000 series 2016 state facilities master lease program lease revenue bonds

• Competitive

• Zion Public Finance Inc. (financial adviser)

• Bonds due 2018 to 2028

• Proceeds to acquire, construct, improve or renovate one or more projects on behalf of the state

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