Dasny to sell $160 million revenue bonds for Rockefeller University

By Sheri Kasprzak

New York, March 16 - The Dormitory Authority of the State of New York is gearing up to sell $160 million in revenue bonds for Rockefeller University, according to a preliminary official statement.

The bonds (Aa1/AAA/) are expected to price the week of March 23.

The offering includes $60 million in series 2009A revenue bonds and $100 million in series 2009B revenue bonds.

The bonds will be sold on a negotiated basis with J.P. Morgan Securities Inc. as the senior manager for the 2009A bonds and the sole manager for the 2009B bonds. The co-managers for the 2009A bonds are Morgan Stanley & Co. Inc. and Ramirez & Co. Inc.

The 2009B bonds are variable-rate bonds and are due July 1, 2039. The 2009A bonds are serial bonds, but the maturities have not yet been determined.

Proceeds will be used to renovate several buildings on the university's campus and to design a bridging building. The remainder will be used to develop an animal care facility.

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