Industrial Development Authority of Glendale, Ariz., plans to sell $157.21 million revenue bonds

By Sheri Kasprzak

New York, May 6 - The Industrial Development Authority of the City of Glendale in Arizona is expected to price $157.21 million in series 2010 revenue bonds for Midwestern University, according to a preliminary official statement.

The bonds (/A-/A) will be sold through senior manager RBC Capital Markets Corp.

The bonds are due 2011 to 2030 with term bonds due 2035 and 2040.

Proceeds will be used to construct and equip educational facilities at the university's Downers Grove campus.

The authority provides financing for educational institutions and other qualified organizations.

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