E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 7/5/2013 in the Prospect News Municipals Daily.

Municipal Calendar: Utah prepares $216.98 million bond offering

Week of July 8

July 9

COLORADO: $130 million series 2013A education loan program tax and revenue anticipation notes (MIG 1/SP-1+/); competitive; RBC Capital Markets LLC (financial adviser); notes due June 27, 2014; proceeds to make interest-free loans to Colorado school districts; pricing July 9.

MIAMI-DADE COUNTY SCHOOL DISTRICT (FLORIDA): $182.7 million series 2013 general obligation school bonds (Aa3/A+/); competitive; Public Financial Management Inc. (financial adviser); bonds due 2015 to 2043; proceeds to finance capital improvements within the district; pricing July 9.

MILWAUKEE (WISCONSIN): $61.9 million series 2013-T6 taxable general obligation promissory notes (Aa2/AA/); competitive; Public Financial Management Inc. (financial adviser); notes due Feb. 1, 2018; proceeds to fund the city's pension program; pricing July 9.

July 11

UTAH: $216,975,000 series 2013 general obligation bonds (Aaa/AAA/AAA); competitive; Zions Bank Public Finance (financial adviser); bonds due 2014 to 2028; proceeds to finance highway projects throughout the state; pricing July 11.

Week of July 22

July 24

CONNECTICUT: $200 million series 2013C general obligation bonds (Aa3/AA/AA); competitive; Acacia Financial Group Inc. and A.C. Advisory Inc. (financial advisers); bonds due 2014 to 2033; proceeds to finance statewide capital expenditures; pricing July 24.

On the Horizon

CALIFORNIA HEALTH FACILITIES FINANCING AUTHORITY/ST. JOSEPH HEALTH SYSTEM: $763.67 million series 2013 revenue bonds (A1/AA-/AA-); negotiated; Morgan Stanley & Co. LLC (sole); proceeds to construct, equip, acquire, renovate and remodel the Hoag Hospital Newport Beach, St. Joseph Hospital, St. Jude Medical Center, St. Mary Medical Center and Santa Rosa Memorial Hospital.

CITY OF HOPE (CALIFORNIA): $250 million series 2013 taxable direct obligation notes (A1/A+/AA-); negotiated; J.P. Morgan Securities LLC (lead); Barclays and Wells Fargo Securities LLC (co-managers); proceeds to construct a new inpatient/outpatient facility and to make other repairs and improvements to City of Hope facilities.

CLEVELAND COUNTY EDUCATIONAL FACILITIES AUTHORITY (OKLAHOMA): $67,995,000 series 2013 educational facilities lease revenue bonds; negotiated; D.A. Davidson & Co. (lead); bonds due 2014 to 2018; proceeds to construct two new elementary schools and a new junior high school, as well as to make repairs and improvements to existing school facilities.

COLUMBUS-FRANKLIN COUNTY FINANCE AUTHORITY (OHIO): $128,085,000 series 2013A taxable research and development revenue bonds (/AA-/); negotiated; Ross, Sinclaire & Associates LLC and KeyBanc Capital Markets LLC (lead); bonds due 2014 to 2026; proceeds to refinance existing loans and fund venture capital commitments, as well as to refund existing debt.

COMMUNITY FACILITIES DISTRICT NO. 2013-1 OF THE SANTA MARGARITA WATER DISTRICT (CALIFORNIA): $60,145,000 series 2013 special tax bonds; negotiated; Stifel, Nicolaus & Co. (lead); bonds due 2014 to 2030 with term bonds due in 2033, 2036 and 2043; proceeds to form the district and construct and acquire capital needs for the district.

COVENANT RETIREMENT COMMUNITIES INC.: $62.79 million series 2013 revenue bonds (/BBB-/BBB+); negotiated; Ziegler Capital Inc. (lead); proceeds to fund the construction of a three-story retirement community in Northbrook, Ill., and the construction of a one-story town center building in San Diego, Calif.

• $24,505,000 series 2013A revenue bonds through Colorado Health Facilities Authority

• $17.55 million series 2013B tax-exempt mandatory paydown securities through Colorado Health Facilities Authority

• $20,735,000 series 2013C revenue bonds through California Statewide Communities Development Authority

DALLAS (TEXAS): $250.34 million series 2013 general obligation refunding and improvement bonds (Aa1/AA+/); negotiated; Ramirez & Co. Inc. and Wells Fargo Securities LLC (lead); Citigroup Global Markets Inc., Frost Bank, Goldman Sachs & Co., Loop Capital Markets LLC, Piper Jaffray & Co., Stifel, Nicolaus & Co. and Stern Brothers (co-managers); proceeds to finance public improvements within the city, as well as to refund the city's series 2005, 2007, 2007A and 2008 G.O. bonds and commercial paper.

• $207,705,000 series 2013A G.O. refunding and improvement bonds due 2014 to 2032

• $42,635,000 series 2013B G.O. refunding bonds due 2016 to 2020

DALLAS AND FORT WORTH (TEXAS)/DALLAS-FORT WORTH INTERNATIONAL AIRPORT: $409.63 million series 2013D non-AMT joint revenue refunding bonds (A2/A+/A); negotiated; Loop Capital Markets LLC and BofA Merrill Lynch (lead); Siebert Brandford Shank & Co. LLC and M.R. Beal & Co. (co-managers); bonds due 2014 to 2033; proceeds to refund the airport's series 2003A revenue bonds.

GRAND PARKWAY TRANSPORTATION CORP. (TEXAS): $2,862,500,000 series 2013 Grand Parkway system toll revenue bonds; negotiated; Goldman Sachs & Co. (lead); J.P. Morgan Securities LLC, BofA Merrill Lynch, Barclays, Citigroup Global Markets Inc., Jefferies & Co. Inc., Loop Capital Markets LLC, Morgan Stanley & Co. LLC, M.R. Beal & Co., Piper Jaffray & Co., RBC Capital Markets LLC, Ramirez & Co. Inc., Raymond James/Morgan Keegan, Siebert Brandford Shank & Co. LLC, Southwest Securities Inc., Stifel, Nicolaus & Co. Inc. and Wells Fargo Securities LLC (co-managers); proceeds to acquire, construct and develop the Grand Parkway System, which runs through Harris, Fort Bend, Brazoria, Galveston, Montgomery, Liberty and Chambers counties in Texas.

• $200 million series 2013A first-tier toll revenue bonds

• $1,355,105,000 series 2013B subordinate tier toll equity loan agreement-supported bonds

• $839,205,000 series 2013C subordinate tier toll equity loan agreement-supported bonds

• $107.39 million series 2013D subordinate tier toll equity loan agreement-supported bonds

• $360.8 million series 2013E subordinate tier toll equity loan agreement-supported bonds

GRAPEVINE (TEXAS): $62.77 million series 2013 general obligation bonds (Aa2/AA/); competitive; Public Resources Advisory Group LLC (financial adviser); bonds due 2014 to 2033; proceeds to construct and equip a new public safety building and acquire land, as well as the construct, improve, equip , renovate and expand an existing community activities center.

GREENWOOD INDEPENDENT SCHOOL DISTRICT (TEXAS): $51,499,919.30 series 2013 unlimited tax school building bonds (/A+/A+); negotiated; Raymond James/Morgan Keegan (lead); RBC Capital Markets LLC, Southwest Securities Inc. and Wells Fargo Securities LLC (co-managers); bonds due 2014 to 2043; proceeds to construct, acquire, equip and renovate school facilities in the district.

ILLINIOS STATE TOLL HIGHWAY AUTHORITY: $425 million series 2013B toll highway senior revenue refunding bonds (Aa3/AA-/AA-); negotiated; Goldman Sachs & Co. and Jefferies & Co. (lead); BofA Merrill Lynch, Siebert Brandford Shank & Co. LLC, Duncan-Williams Inc., Janney Montgomery Scott LLC, George K. Baum & Co. Inc., Baird & Co. and The Williams Capital Group LP (co-managers); bonds due 2016 to 2024; proceeds to refund the authority's series 2005 and 2006 revenue bonds.

INDIANAPOLIS (INDIANA): $51,445,000 series 2013A gas utility distribution system second lien revenue refunding bonds (A2/AA-/); negotiated; J.P. Morgan Securities LLC (lead); City Securities Corp., Morgan Stanley & Co. LLC and PNC Capital Markets LLC (co-managers); proceeds to refund the city's series 2008A gas utility distribution system revenue bonds.

KATY INDEPENDENT SCHOOL DISTRICT (TEXAS): $141.56 million series 2013 unlimited tax school building and refunding bonds (Aa2/AA/); negotiated; BOSC Inc. (lead); Oppenheimer & Co., Wells Fargo Securities LLC, Jefferies & Co. and Southwest Securities Inc. (co-managers); proceeds to construct, equip and acquire school facilities in the district, to acquire sites for new school facilities and to refund existing debt.

• $101,625,000 series 2013A school building bonds due 2014 to 2033

• $39,935,000 series 2013B refunding bonds due 2014 to 2028

KERN COMMUNITY COLLEGE DISTRICT (CALIFORNIA): $98,985,000 series 2013 general obligation bonds (Aa2); negotiated; Piper Jaffray & Co. (lead); proceeds to finance capital projects for the district, as well as to refund existing G.O. debt.

• $54,805,000 series 2013C G.O. bonds

• $10,375,000 series 2013 G.O. refunding bonds

• $33,805,000 series 2013 taxable G.O. refunding bonds

LOUISIANA STATE BOND COMMISSION/BIONITROGEN LOUISIANA HOLDINGS LLC: $1.25 billion tax-exempt bonds; proceeds to construct five plants in Point Coupee Parish, La., to convert biomass into urea fertilizer.

MARYLAND HOUSING AND COMMUNITY DEVELOPMENT ADMINISTRATION: $52.51 million series 2013 housing revenue bonds; negotiated; RBC Capital Markets LLC (lead); BofA Merrill Lynch and J.P. Morgan Securities LLC (co-managers); proceeds to finance or refinance housing loans.

• $11,915,000 series 2013B non-AMT bonds due 2015 to 2024 with term bonds due 2015, 2028, 2033, 2038, 2043 and 2055

• $40,595,000 series 2013C AMT bonds due 2014 to 2024 with term bonds due 2028, 2033, 2038 and 2045

MASSACHUSETTS DEVELOPMENT FINANCE AGENCY/DANA-FARBER CANCER INSTITUTE: $50,985,000 series 2013M revenue bonds (A1/A/); negotiated; Goldman Sachs & Co. (lead); bonds due Dec. 1, 2028; proceeds to renovate the institute's 154,000 square-foot research center and for general corporate purposes.

METROPOLITAN WASHINGTON AIRPORTS AUTHORITY: $242.74 million series 2013 airport system revenue bonds; negotiated; Siebert Brandford Shank & Co. LLC and Wells Fargo Securities LLC (lead); BofA Merrill Lynch, Barclays, Citigroup Global Markets Inc., Davenport & Co. LLC, Loop Capital Markets LLC, Raymond James/Morgan Keegan and U.S. Bancorp Investments Inc. (co-managers); proceeds to finance airport capital improvements, as well as to refund existing debt.

• $204.7 million series 2013A AMT airport system revenue and refunding bonds due 2018 to 2033 with term bonds due 2038 and 2043

• $27.35 million series 2013B taxable airport system revenue refunding bonds due 2016 to 2023

• $10.69 million series 2013C non-AMT airport system revenue refunding bonds due 2020 to 2022

METROPOLITAN WATER DISTRICT OF SOUTHERN CALIFORNIA: $145.49 million series 2013 water revenue refunding bonds (Aa1/AAA/AA+); negotiated; Goldman Sachs & Co. (lead for 2013A, 2013C); De La Rosa & Co. Inc., J.P. Morgan Securities LLC, Loop Capital Markets LLC and US Bancorp Inc. (co-managers for 2013A, 2013C); J.P. Morgan Securities LLC and Loop Capital Markets LLC (lead for 2013B); proceeds to refund existing water revenue bonds.

• $90.46 million series 2013A bonds due 2013 and 2018 to 2021

• $18.7 million series 2013B taxable bonds due 2018

• $13,505,000 series 2013C-1 bonds due 2027

• $14.02 million series 2013C-2 bonds due 2025

• $8,805,000 series 2013C-3 bonds due 2023

MOON INDUSTRIAL DEVELOPMENT AUTHORITY (PENNSYLVANIA)/BAPTIST HOMES SOCIETY: $143.49 million series 2013 revenue bonds; negotiated; H.J. Sims & Co. (lead); bonds due 2023, 2033 and 2048; proceeds to refund the authority's series 2007 variable-rate Baptist Homes Society revenue bonds.

MT. SAN ANTONIO COMMUNITY COLLEGE DISTRICT (TEXAS): $120,645,000 series 2013 general obligation refunding bonds (Aa2); negotiated; RBC Capital Markets LLC (lead); proceeds to refund existing G.O. debt.

• $72.15 million series 2013A tax-exempt G.O. bonds

• $48,495,000 series 2013B taxable G.O. bonds

NEW YORK STATE ENVIRONMENTAL FACILITIES CORP.: $164.31 million series 2013B state revolving funds revenue bonds (Aaa/AAA/AAA); negotiated; BofA Merrill Lynch and CastleOak Securities LP (lead); Blaylock Robert Van LLC, Citigroup Global Markets Inc., Fidelity Capital Markets LLC, Goldman Sachs & Co., Guggenheim Securities LLC, J.P. Morgan Securities LLC, Jefferies & Co., KeyBanc Capital Markets LLC, Loop Capital Markets LLC, Mesirow Financial Inc., Morgan Stanley & Co. LLC, M.R. Beal & Co., Prager & Co. LLC, Ramirez & Co. Inc., Rice Financial Products Co., Rockfleet, Siebert Brandford Shank & Co. LLC, Stifel, Nicolaus & Co. and Wells Fargo Securities LLC (co-managers); bonds due 2104 to 2032 with term bonds due 2038 and 2043; proceeds to finance or refinance drinking or clean water projects within the state, as well as to refund existing bonds.

NEW YORK STATE MORTGAGE AGENCY: $125.78 million homeowner mortgage revenue bonds; negotiated; Barclays (lead); Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, BofA Merrill Lynch, CastleOak Securities LP, Loop Capital Markets LLC, M&T Securities Inc., Ramirez & Co. Inc. and Roosevelt & Cross Inc. (co-managers); proceeds to finance mortgage loans and program costs.

• $79,285,000 series 178 non-AMT bonds due 2028, 2033, 2038 and 2043

• $13.09 million series 179 non-AMT bonds due 2015 to 2017

• $33,405,000 series 180 AMT bonds due 2015 to 2023

NORTH NATOMAS COMMUNITY FACILITIES DISTRICT NO. 4 (CALIFORNIA): $71 million series 2013E special tax refunding bonds (/BBB+/); negotiated; Stifel, Nicolaus & Co. (lead); proceeds to refund the district's series 1999A, 2001B, 2003C and 2006D special tax bonds.

NORTHSIDE INDEPENDENT SCHOOL DISTRICT (TEXAS): $70 million series 2013 school building bonds (Aaa//AAA); negotiated; Raymond James/Morgan Keegan (lead); Robert W. Baird & Co. and Southwest Securities Inc. (co-managers); bonds due 2014 and 2034 to 2043; proceeds to acquire land, as well as construct, equip, renovate and improve school facilities within the district.

OHIO WATER DEVELOPMENT AUTHORITY: $111.88 million series 2013A fresh water development revenue bonds (Aaa/AAA/); negotiated; Ramirez & Co. Inc. (lead); Jefferies & Co. Inc., Cabrera Capital Markets LLC, Drexel Hamilton LLC, M.R. Beal & Co. and Ross, Sinclaire & Associates (co-managers); bonds due 2013 to 2023; proceeds to refund the authority's series 1995, 1998, 2001A-B, 2002, 2004, 2005, 2009A-B and 2010A-B fresh water revenue bonds.

ORANGE COUNTY SCHOOL BOARD (FLORIDA): $85.16 million of series 2013A certificates of participation (Aa2//AA); negotiated; J.P. Morgan Securities LLC (lead); BofA Merrill Lynch, Citigroup Global Markets Inc., Jefferies & Co., Loop Capital Markets LLC, Raymond James/Morgan Keegan and Wells Fargo Securities LLC (co-managers); certificates due 2015 to 2029; proceeds to refund the board's series 2004A COPs.

PENNSYLVANIA HOUSING FINANCE AGENCY: $129.07 million series 2013-116 AMT single-family mortgage revenue bonds; negotiated; RBC Capital Markets LLC and BofA Merrill Lynch (lead); Barclays, George K. Baum & Co., Drexel Hamilton LLC, Janney Montgomery Scott LLC, J.P. Morgan Securities LLC, Loop Capital Markets LLC, Morgan Stanley & Co. LLC, PNC Capital Markets LLC, Quoin Capital LLC and Wells Fargo Securities LLC (co-managers); bonds due 2013 to 2024 with term bonds due in 2028, 2033, 2038, 2040 and 2043; proceeds to finance single-family mortgage loans to qualified Pennsylvania residents.

RHODE ISLAND HEALTH AND EDUCATIONAL BUILDING CORP./ROGER WILLIAMS UNIVERSITY: $54.79 million series 2013 higher education facility revenue refunding bonds; negotiated; BofA Merrill Lynch (lead); Janney Montgomery Scott LLC, RBC Capital Markets LLC and US Bancorp Investment Co. (co-managers); bonds due 2014 to 2038; proceeds to refund the university's series 2003 and 2008B revenue bonds.

RIVERSIDE (CALIFORNIA): $94,135,000 series 2013 electric revenue bonds (/AA-/AA-); negotiated; De La Rosa & Co. (lead); proceeds to prepay obligations related to the acquisition of the Clearwater Cogeneration Power Plan and to refund existing variable-rate debt.

• $93.55 million series 2013A refunding electric revenue bonds

• $585,000 series 2013B taxable electric revenue bonds

TANGIPAHOA PARISH HOSPITAL SERVICE DISTRICT NO. 1/NORTH OAKS HEALTH SYSTEM (LOUISIANA): $66,245,000 series 2013 hospital revenue bonds (/BBB/); negotiated; Raymond James/Morgan Keegan (lead); proceeds to finance hospital improvements for North Oaks, as well as the refund the district's series 2003A revenue bonds.

• $55,445,000 series 2013A refunding bonds due 2014 to 2028

• $10.8 million series 2013B revenue bonds due 2031 and 2034

TARRANT COUNTY CULTURAL EDUCATION FACILITIES FINANCE CORP./COOK CHILDREN'S MEDICAL CENTER (TEXAS): $71,645,000 series 2013A hospital revenue bonds (Aa2/AA/); negotiated; J.P. Morgan Securities LLC and Goldman Sachs & Co. (lead); proceeds to refund the center's series 2010B-C revenue bonds.

TARRANT COUNTY CULTURAL EDUCATION FACILITIES FINANCE CORP./METHODIST HOSPITALS OF DALLAS (TEXAS): $187,365,000 series 2013 hospital revenue bonds (Aa3/AA-/); negotiated; BofA Merrill Lynch (lead); J.P. Morgan Securities LLC, Wells Fargo Securities LLC, Estrada Hinojosa & Co. Inc., BOSC Inc. and Siebert Brandford Shank & Co. LLC (co-managers); proceeds to construct a new six-floor trauma/critical care tower at the Methodist Dallas, as well as new operating rooms and other hospital facilities.

TEXAS: $90.93 million series 2013 water financial assistance general obligation bonds (Aaa/AA+/AAA); negotiated; BofA Merrill Lynch (lead); Estrada Hinojosa & Co. Inc., Fidelity Capital Markets Inc. and RBC Capital Markets LLC (co-managers); proceeds to provide water improvement loans to local government entities and to refund existing water bonds.

• $57,615,000 series 2013B G.O. bonds due 2014 to 2033 with term bonds due 2038 and 2040

• $33,315,000 series 2013C G.O. refunding bonds due 2014 to 2021

TEXAS WATER DEVELOPMENT BOARD: $68.21 million series 2013A state revolving fund revenue refunding bonds (Aaa/AAA/AAA); negotiated; Piper Jaffray & Co. (lead); Mesirow Financial Inc., Raymond James/Morgan Keegan and Siebert Brandford Shank & Co. LLC (co-managers); bonds due 2014 to 2017; proceeds to refund the board's series 1998A and 1999B revenue bonds.

UNIVERSITY OF CONNECTICUT: $225 million series 2013 general obligation bonds (Aa3/AA/AA-); negotiated; Piper Jaffray & Co. (lead); Jefferies & Co., J.P. Morgan Securities LLC, Wells Fargo Securities LLC, BofA Merrill Lynch, Barclays, CastleOak Securities LP, Edward D. Jones & Co. LP, Janney Montgomery Scott LLC, KeyBanc Capital Markets LLC, Loop Capital Markets LLC, M.R. Beal & Co., Morgan Stanley & Co. LLC, Ramirez & Co. Inc., Raymond James/Morgan Keegan, Rice Financial Products Co., Siebert Brandford Shank & Co. LLC, Stifel, Nicolaus & Co., U.S. Bancorp Investments Inc. and William Blair & Co. (co-managers); proceeds to finance capital improvements to the university, as well as to refund the university's series 2004A, 2005A and 2006A G.O. bonds.

• $189 million series 2013A G.O. bonds due 2014 to 2033

• $36 million series 2013A G.O. refunding bonds due 2014 to 2025

UNIVERSITY OF UTAH: $320 million series 2013A general revenue and refunding bonds (Aa1/AA/); negotiated; Goldman Sachs & Co. and Barclays (lead); BofA Merrill Lynch and J.P. Morgan Securities LLC (co-managers); proceeds to construct and acquire university capital projects, as well as to refund existing debt.

VERMONT MUNICIPAL BOND BANK: $71.91 million series 2013 bonds (Aa2/AA+/); negotiated; Citigroup Global Markets Inc. (lead); proceeds to refund existing bond bank debt.

• $53,055,000 series 2013-1 bonds due 2014 to 2033 with term bonds due in 2038 and 2043

• $18,855,000 series 2013-2 refunding bonds due 2014 to 2025

WASHINGTON STATE HOUSING FINANCE COMMISSION: $107,835,000 series 2013 nonprofit housing revenue bonds; negotiated; Ziegler Capital Inc. (lead); proceeds to construct residential housing units at Rockwood South Hill in Seattle, as well as to refund variable-rate debt.

• $83,985,000 series 2013A revenue and refunding bonds due Jan. 1, 2048

• $4.5 million series 2013B-1 tax-exempt mandatory paydown securities due Jan. 1, 2021

• $4.5 million series 2013B-2 tax-exempt mandatory paydown securities due Jan. 1, 2020

• $14.85 million series 2013B-3 tax-exempt mandatory paydown securities due Jan. 1, 2020

WICHITA (KANSAS)/PRESBYTERIAN MANORS INC.: $83,915,000 series 2013 health care facilities revenue bonds; negotiated; Ziegler Capital Markets Inc. (lead); proceeds to construct, equip, remodel and improve certain assisted living facilities operated by the corporation, as well as to refund the city's series 2004 revenue bonds issued for the corporation.

• $76.79 million series 2013-IV-A bonds

• $7,125,000 series 2013-VI-B bonds


© 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.