Clemson University, S.C., plans $52.87 million athletic revenue bonds

By Sheri Kasprzak

New York, Dec. 8 – Clemson University is set to price $52,865,000 of series 2014 athletic facilities revenue bonds on Tuesday, according to a preliminary official statement.

The offering includes $30,845,000 of series 2014A bonds, $9,455,000 of series 2014B taxable bonds and $12,565,000 of series 2014C refunding bonds.

The bonds (Aa3) will be sold competitively with First Southwest Co. as the financial adviser.

The 2014A bonds are due 2026 to 2045, and the 2014B bonds are due 2016 to 2027. The 2014C bonds are due 2015 to 2025.

Proceeds will be used to reimburse the university for costs associated with the construction of a baseball field and football field.

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