Louisiana Public Facilities to price $125 million bonds for Loyola

By Sheri Kasprzak

New York, Oct. 3 - The Louisiana Public Facilities Authority is slated to sell $125 million of series 2011 revenue bonds for Loyola University, according to a preliminary official statement. Pricing is expected on Oct. 11.

The bonds (A2/A+) will be sold on a negotiated basis with Barclays Capital Inc. as the senior manager. The co-managers are Bank of America Merrill Lynch, Stephens Inc. and Wells Fargo Securities LLC.

The bonds are due 2017 to 2031 with term bonds due in 2033 and 2041.

Proceeds will fund capital improvements, including building repairs, restorations, replacements and upgrades, as well as equipment purchases for the university's New Orleans campus.

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