Columbia University, N.Y., preps $140.29 million sale of revenue bonds

By Sheri Kasprzak

New York, May 23 - The Dormitory Authority of the State of New York is expected to sell $140,285,000 of series 2012A revenue bonds on behalf of Columbia University, according to a preliminary official statement.

The bonds (Aaa/AAA/) will be sold on a negotiated basis with J.P. Morgan Securities LLC, Bank of America Merrill Lynch and Goldman, Sachs & Co. as the senior managers. The co-managers are Lebenthal & Co. LLC, Loop Capital Markets LLC, Morgan Stanley & Co. LLC, Ramirez & Co. Inc. and Roosevelt & Cross Inc.

The bonds are due 2018 to 2022.

Proceeds will be used to refinance debt that originally financed construction and renovation projects for the university.

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