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University of Pittsburgh plans sale of $118 million of Panthers
By Cristal Cody
Tupelo, Miss., April 8 - The University of Pittsburgh intends to sell $118 million of tax-exempt Panthers notes, according to a preliminary official statement released Thursday.
The sale is structured as Pitt Asset Notes-Tax-Exempt Higher Education Registered Series 2010.
The notes (MIG1/SP-1+/) are due in 2011.
Barclays Capital Inc. will manage the negotiated sale.
The proceeds will be used to finance capital expenditures and refund $78 million of the university's outstanding series 2007 Panthers.
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