Scago Educational Facilities, S.C., plans $74.14 million revenue bonds

By Sheri Kasprzak

New York, April 28 – The Scago Educational Facilities Corp. for Colleton School District of South Carolina is set to price $74.14 million of series 2015 installment purchase refunding revenue bonds, according to a preliminary official statement.

The bonds (A3/A-/) will be sold on a negotiated basis with Citigroup Global Markets Inc. as the lead manager and Piper Jaffray & Co. and BofA Merrill Lynch as the co-managers.

The bonds are due 2015 to 2031.

Proceeds will be used to advance refund the district’s series 2006 revenue bonds.

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