Emory University, Ga., moves to price $315 million revenue bonds

By Cristal Cody

Springdale, Ark., June 3 - Emory University in Georgia tentatively expects to price $315 million of revenue bonds on June 11, a source connected to the sale said Tuesday.

The sale includes $95 million series 2008A, $100 million series 2008B and $120 million series 2008C revenue bonds.

The bonds (Aa2) will price through the Georgia Private Colleges and Universities Authority.

The series 2008A bonds will price with an initial long-term interest rate and are subject to mandatory tender on July 7, 2009.

The series 2008A bonds are due Sept. 1, 2043. The series 2008B bonds are due Sept. 1, 2011, and the series 2008C bonds are due Sept. 1, 2043.

Citigroup Global Markets is the senior manager of the negotiated sale. Co-managers are SunTrust Robinson Humphrey and JPMorgan.

Proceeds will be used to refund the university's $75.408 million in outstanding commercial paper notes and series 1997A revenue bonds and to finance university projects that include a new psychology building, renovation of the Atwood Chemistry Center and expansion of the Rollins School of Public Health and the Yerkes clinical veterinary research building.

© 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.