Municipal Calendar: Presence Health coordinates $967.39 million revenue bonds

Week of July 25

CALIFORNIA HEALTH FACILITIES FINANCING AUTHORITY/SUTTER HEALTH:

• $850 million series 2016 revenue and refunding bonds (Aa3/AA-/AA-)

• Negotiated

• Morgan Stanley & Co. LLC (lead)

• BofA Merrill Lynch, Sutter Securities Inc. and Siebert Brandford Shank & Co. LLC (co-managers)

• Proceeds to refund the authority’s series 2007A revenue bonds and to construct a new hospital at Van Ness Avenue and Geary Boulevard and a new hospital adjacent to St. Luke’s Hospital, both in San Francisco

• $750 million series 2016B refunding revenue bonds

• $100 million series 2016C revenue bonds

WISCONSIN:

• $598.13 million series 2016 general fund appropriation refunding bonds

• Negotiated

• Stifel, Nicolaus & Co. and Ramirez & Co. Inc. (lead)

• Cabrera Capital Markets LLC, Citigroup Global Markets Inc., Morgan Stanley & Co. LLC and Wells Fargo Securities LLC (co-managers)

• Proceeds to refund the state’s series 2003 and 2009 state appropriation bonds

• $399.83 million series 2016A taxable refunding bonds due 2019 to 2027

• $198.3 million series 2016B taxable refunding bonds due 2018 to 2037

July 26

ILLINOIS FINANCE AUTHORITY/PRESENCE HEALTH NETWORK:

• $967,385,000 series 2016C revenue bonds (Baa3/BBB-/BBB)

• Negotiated

• J.P. Morgan Securities LLC (lead)

• Bonds due 2020 to 2034 with term bonds due 2036 and 2041

• Proceeds to refund the health network’s series 1999A-B, 2009, 2009A, 2010A and 2016A revenue bonds

RHODE ISLAND HEALTH AND EDUCATIONAL BUILDING CORP./LIFESPAN OBLIGATED GROUP:

• $266.82 million series 2016 hospital financing revenue refunding bonds (/BBB+/BBB+)

• Negotiated

• Morgan Stanley & Co. LLC and Wells Fargo Securities LLC (lead)

• Janney Montgomery Scott LLC and Oppenheimer & Co. (co-managers)

• Proceeds to refund the obligated group’s series 1996 and 2006A revenue bonds

TENNESSEE:

• $364.17 million series 2016 general obligation bonds (Aaa/AAA/AAA)

• Negotiated

• Citigroup Global Markets Inc. (lead)

• Wells Fargo Securities LLC, BofA Merrill Lynch and Morgan Stanley & Co. LLC (co-managers)

• Proceeds to finance statewide capital projects, retire certain commercial paper notes and refund the state’s series 2008B, 2009D, 2010A and 2011A bonds

• $174.53 million series 2016A bonds due 2017 to 2036

• $124,105,000 series 2016B general obligation refunding bonds due 2017 to 2031

• $65,535,000 series 2016C taxable general obligation refunding bonds due 2017 to 2031

July 27

NORTH CAROLINA:

• $200 million series 2016B general obligation public improvement bonds (Aaa/AAA/AAA)

• Competitive

• Davenport & Co., LLC (financial adviser)

• Proceeds to finance statewide capital improvements projects

Week of August 1

August 3

CONNECTICUT:

• $500 million series 2016 general obligation bonds

• Competitive

• Acacia Financial Group Inc. (financial adviser)

• Proceeds to finance statewide capital projects

• $250 million series 2016D bonds due 2017 to 2036

• $250 million series 2016A taxable bonds due 2017 to 2026

On The Horizon

GUAM:

• $245.45 million series 2016A Section 30 limited obligation bonds (/BBB+)

• Negotiated

• Citigroup Global Markets Inc. and Barclays (lead)

• Bonds due 2016 to 2036 with a term bond due 2046

• Proceeds for working capital needs, including the refinancing of a Bank of Guam loan, as well as to refund the government’s series 2009 bonds and 2013B certificates

LOS ANGELES (CALIFORNIA):

• $1.46 billion series 2016 tax and revenue anticipation notes (MIG1/SP-1+/F1+)

• Negotiated

• Morgan Stanley & Co. LLC and Ramirez & Co. Inc. (lead)

• Williams Capital Group LP (co-manager)

• Notes due June 29, 2017

• Proceeds to finance capital expenditures for coming fiscal year

LOS ANGELES COMMUNITY COLLEGE DISTRICT (CALIFORNIA):

• $300 million election of 2008 series 2016-1 general obligation bonds (Aa1/AA+)

• Negotiated

• J.P. Morgan Securities LLC and Backstrom McCarley Berry & Co. LLC (lead)

• BofA Merrill Lynch, Loop Capital Markets LLC, Ramirez & Co. Inc. and Siebert Brandford Shank & Co. LLC (co-managers)

• Proceeds to finance improvements and upgrades to college campuses, including earthquake safety improvements

MASSACHUSETTS INSTITUTE OF TECHNOLOGY:

• $500 million series E taxable bonds (Aaa/AAA)

• Negotiated

• J.P. Morgan Securities LLC and Barclays

• Proceeds to support current or future capital projects consistent with the institutions’ capital plan.

NEW YORK CITY:

• $1.05 billion fiscal 2017 series A general obligation bonds (Aaa/AAA)

• Negotiated

• Goldman Sachs & Co. (lead)

• BofA Merrill Lynch; Citigroup Global Markets Inc.; Jefferies; RBC Capital Markets, LLC; Siebert Brandford Shank & Co., LLC; Wells Fargo Securities, LLC; Barclays; BNY Mellon Capital Markets LLC; Drexel Hamilton, LLC; Fidelity Capital Markets Inc.; Janney Montgomery Scott LLC; Mizuho Securities USA Inc.; Morgan Stanley & Co., LLC; Oppenheimer & Co.; Raymond James/Morgan Keegan; Roosevelt & Cross Inc.; Stifel, Nicolaus & Co., Inc.; TD Securities (USA) LLC; U.S. Bancorp Investments, Inc.; Academy Securities, Inc.; Blaylock Beal Van, LLC; FTN Financial Capital Markets; Hilltop Securities Inc.; PNC Capital Markets LLC; Rice Financial Products Co.; Stern Brothers & Co. and Williams Capital Group, LP (co-managers)

• Bonds due 2020 to 2037

• Proceeds for capital purposes

• $800 million of subseries A-1 tax-exempt bonds due 2018 to 2040 and term

• $174,185,000 of subseries A-2 taxable bonds due 2022 to 2028

• $75,815,000 of subseries A-3 taxable bonds due 2022 to 2028

OHIO WATER DEVELOPMENT AUTHORITY:

• $135 million series 2016 drinking water assistance fund revenue bonds

• Negotiated

• BofA Merrill Lynch and KeyBanc Capital Markets Inc. (lead)

• Blaylock Beal Van LLC, FTN Financial Capital Markets Inc. and William Blair & Co. (co-managers)

• Bonds due 2020 to 2037

• Proceeds to finance loans to qualified government entities for drinking water projects

OMAHA PUBLIC POWER DISTRICT (NEBRASKA):

• $177.56 million series 2016A electric system revenue bonds (Aa2/AA)

• Negotiated

• Citigroup Global Markets Inc. and Morgan Stanley & Co. LLC (lead)

• Ameritas Investment Corp., BofA Merrill Lynch, D.A. Davidson & Co., Drexel Hamilton LLC, Fidelity Capital Markets Inc., Goldman Sachs & Co., J.P. Morgan Securities LLC, Piper Jaffray & Co., Ramirez & Co. Inc., Raymond James/Morgan Keegan and Wells Fargo Securities LLC (co-managers)

• Proceeds for capital purposes and to refund the district’s series 2009A, 2011B and 2012A bonds

SAN DIEGO UNIFIED SCHOOL DISTRICT (CALIFORNIA):

• $195 million of series A 2016-17 tax and revenue anticipation notes (/SP-1+/)

• Negotiated

• Due June 30, 2017

• BofA Merrill Lynch and Citigroup Global Markets Inc.

• Proceeds to provide funds to meet fiscal year 2016-17 general fund expenditures, including operating expenses, capital expenditures and discharge of district debt

SOUTH CAROLINA PUBLIC SERVICE AUTHORITY:

• $750 million series 2016 revenue obligations

• Negotiated

• Barclays and BofA Merrill Lynch (lead)

• Goldman Sachs & Co., Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC, U.S. Bancorp Investments Inc. and Wells Fargo Securities LLC (co-managers)

• Proceeds to retire certain commercial paper notes and refund the authority’s series 2006C and 2011B refunding bonds

• $400 million series 2016B tax-exempt bonds

• $50 million series 2016C tax-exempt refunding bonds

• $300 million series 2016D taxable 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.