New Issue: Golden Empire Schools, Calif., sells $151.88 million lease revenue notes

By Sheri Kasprzak

New York, April 27 – The Golden Empire Schools Financing Authority of California sold $151,875,000 of series 2016 lease revenue refunding notes for the Kern County School District, said a pricing sheet.

The notes (MIG 1/SP-1/) were sold through Wells Fargo Securities LLC.

The notes are due May 1, 2017 and bear interest at the Sifma index rate plus 50 basis points.

Proceeds will be used to pay principal and interest on the district’s series 2015 notes due May 1.

Issuer:	Golden Empire Schools Financing Authority, Calif./Kern County School District
Issue:	Series 2016 lease revenue refunding notes
Amount:	$151,875,000
Maturity:	May 1, 2017
Coupon:	Sifma index rate plus 50 bps
Price:	100
Type:	Negotiated
Underwriter:	Wells Fargo Securities LLC
Ratings:	Moody’s: MIG 1
	Standard & Poor’s: SP-1
Pricing date:	April 20
Settlement date:	April 28

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