Municipal Calendar: Allegheny County preps $186 million offering

On the Horizon

ALLEGHENY COUNTY (PENNSYLVANIA): $186 million series 2013 general obligation bonds (A1/A+/); negotiated; PNC Capital Markets LLC (lead); Drexel Hamilton LLC, The Huntington Investment Co., Janney Montgomery Scott LLC, RBC Capital Markets LLC and Rice Financial Products Co. (co-managers); proceeds to refund the county's series C-57 notes.

• $135 million series C-71A taxable G.O. refunding bonds due 2013 to 2021

• $16 million series C-71B G.O. refunding bonds due 2021 to 2023

• $35 million series C-72 bonds due 2014 to 2027

ATLANTA DEVELOPMENT AUTHORITY/GEORGIA TECH: $116,095,000 series 2013 TUFF-GATV revenue bonds (A2/A/); negotiated; BofA Merrill Lynch and SunTrust Robinson Humphrey (lead); proceeds to refund the authority's series 2002A-B and 2005A-B revenue bonds.

• $45,645,000 series 2013A-1 revenue bonds due 2020 to 2033 with term bonds due 2038 and 2043

• $5.62 million series 2013A-2 taxable revenue bonds due 2014 to 2020

• $5.35 million series 2013B-1 revenue bonds due 2025 to 2028

• $56,415,000 series 2013B-2 taxable revenue bonds due 2014 to 2033 with term bonds due 2028, 2033 and 2043

• $3,065,000 series 2013C revenue bonds due 2014 to 2027

CALIFORNIA INFRASTRUCTURE AND ECONOMIC DEVELOPMENT BANK/CALIFORNIA INDEPENDENT SYSTEM OPERATOR CORPORATION PROJECT: $195,805,000 series 2013 refunding revenue bonds (A1/A/AA-); negotiated; RBC Capital Markets LLC and Citigroup Global Markets Inc. (lead); bonds due 2015 to 2030 with term bonds due 2034 and 2039; proceeds to advance refund the development bank's series 2009A revenue bonds.

CATHOLIC HEALTH SERVICES OF LONG ISLAND (NEW YORK): $290 million series 2013 taxable bonds (Baa1/BBB+/BBB+); negotiated; Morgan Stanley & Co. LLC and Goldman, Sachs & Co. (lead); proceeds to finance corporate needs for Catholic Health Services.

COLORADO HEALTH FACILITIES AUTHORITY/COLORADO WEST HEALTHCARE SYSTEM: $76.19 million series 2013 hospital revenue bonds; negotiated; Cain Brothers (lead); bonds due 2033, 2043 and 2048; proceeds to finance the construction and equipment of a new hospital, as well as to reimburse the health care system for capital improvements and land acquisitions.

DISTRICT OF COLUMBIA/NATIONAL LAW ENFORCEMENT MUSEUM: $99.43 million series 2013 revenue bonds; negotiated; H.J. Sims & Co. (lead); proceeds to reimburse the city for the costs associated with constructing, equipping and furnishing the National Law Enforcement Museum at 444 E Street in Washington, D.C.

• $77.98 million series 2013A bonds due 2023, 2033 and 2048

• $21.45 million series 2013B bonds due 2048

FORT WORTH (TEXAS): $99.2 million series 2013 bonds and certificates of obligation; negotiated; Citigroup Global Markets Inc. (lead); Barclays, BOSC Inc., Stephens Inc. and M.R. Beal & Co. (co-managers); proceeds to finance storm sewer system and street improvements, as well as improvements to park facilities and to refund existing debt.

• $35,755,000 series 2013 general purpose refunding and improvement bonds due 2014 to 2033

• $63,445,000 series 2013 combination tax and revenue certificates of obligation due 2014 to 2034

GEISINGER HEALTH SYSTEM (PENNSYLVANIA): $284.4 million series 2013 taxable bonds (Aa2/AA/); negotiated; J.P. Morgan Securities LLC and Wells Fargo Securities LLC (lead); BofA Merrill Lynch (co-manager); proceeds for general corporate purposes.

GENESEE COUNTY (MICHIGAN): $54.18 million series 2013 water supply system revenue bonds (A2/A+/); negotiated; J.P. Morgan Securities LLC (lead); Wells Fargo Securities LLC and Stifel, Nicolaus & Co. (co-managers); proceeds to acquire a piece of property adjacent to Lake Huron in Sanilac County, as well as to construct a raw water intake facility and refund the county's series 2003 and 2003B G.O. bonds.

KANSAS CITY (MISSOURI): $66.1 million series 2013 special obligation bonds (A1/AA-/); negotiated; J.P. Morgan Securities LLC (lead); George K. Baum & Co., Rice Financial Products Co. and Valdes & Moreno Inc. (co-managers); proceeds to finance improvements to public safety facilities, public parks and a municipal auditorium, as well as to refund the city's series 2003 and 2004 special obligation improvement bonds.

• $46.5 million series 2013B special obligation improvement bonds due 2014 to 2033

• $19.6 million series 2013C taxable special obligation improvement bonds due 2014 to 2033

KENTUCKY HIGHER EDUCATION STUDENT LOAN CORP.: $563 million series 2013-2 student loan asset-backed notes (/AA(sf)/AAAsf); negotiated; BofA Merrill Lynch (lead); notes due Feb. 1, 2030; proceeds to fund the cancellation of existing debt under a 2008 indenture and fund student loans.

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.

METROPOLITAN SEWER DISTRICT OF GREATER CINCINNATI (OHIO): $430,505,000 series 2013 sewer system improvement and refunding revenue bonds (Aa2/AA+/); negotiated; Citigroup Global Markets Inc. (lead); proceeds to make capital improvements to the system, as well as to refund existing debt.

• $294.51 million series 2013A revenue bonds

• $135,995,000 series 2013B taxable refunding bonds

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

MISSOURI HEALTH AND EDUCATIONAL FACILITIES AUTHORITY/BJC HEALTH SYSTEM: $255 million series 2013C health facilities revenue bonds (Aa2/AA/); negotiated; RBC Capital Markets LLC (lead); BMO Capital Markets LLC, BNY Mellon Capital Markets LLC, Edward D. Jones & Co. LP, Mitsubishi UFJ Securities and US Bancorp Investments Corp. (co-managers); bonds due 2017 to 2028 with term bonds due 2033 and 2039; proceeds to finance or reimburse the health system for costs related to the construction, acquisition, equipment and installation of improvements and additions to BJC Health System facilities.

MONROEVILLE FINANCE AUTHORITY/UNIVERSITY OF PITTSBURGH MEDICAL CENTER: $100 million series 2013B revenue refunding bonds (Aa3/A+/); negotiated; J.P. Morgan Securities LLC (lead); RBC Capital Markets LLC, BofA Merrill Lynch, BNY Capital Markets LLC and The Huntington Investment Co. (co-managers); proceeds to current refund the medical center's series 1998 and 2010 revenue bonds and advance refund its 2009 revenue bonds.

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.

NEW YORK CITY HOUSING DEVELOPMENT CORP.: $72 million series 2013A multifamily housing revenue bonds (Aa2); negotiated; BofA Merrill Lynch (lead); proceeds to finance the acquisition of multifamily housing units within the city.

ORANGE COUNTY SCHOOL BOARD (FLORIDA): $85.16 million 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 ECONOMIC DEVELOPMENT FINANCING AUTHORITY/UNIVERSITY OF PITTSBURGH MEDICAL CENTER: $125 million series 2013A revenue bonds (Aa3/A+/); negotiated; J.P. Morgan Securities LLC (lead); RBC Capital Markets LLC, BofA Merrill Lynch, BNY Capital Markets LLC and The Huntington Investment Co. (co-managers); proceeds to construct capital projects for the medical center.

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.

PRINCETON THEOLOGICAL SEMINARY (NEW JERSEY): $85 million series 2013 taxable bonds (Aa1/AAA/); negotiated; Morgan Stanley & Co. LLC (lead); Wells Fargo Securities LLC (co-manager); proceeds for general corporate purposes of the seminary, as well as to refund the seminary's series 2002G bonds and a line of credit.

PUBLIC FINANCE AUTHORITY (WISCONSIN): $51 million series 2013A Linda Paseo student housing senior revenue bonds; negotiated; Guggenheim Securities LLC (lead); proceeds to finance the construction of student housing connected to the Village Linda Paseo project.

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.

SAGINAW COUNTY (MICHIGAN): $60.55 million series 2013 general obligation limited tax pension obligation bonds (Aa3); negotiated; Fifth Third Securities Inc. (lead); BofA Merrill Lynch and Stifel, Nicolaus & Co. Inc. (co-managers); bonds due 2014 to 2028 with term bond due in 2033; proceeds to fund unfunded pension liabilities for state employees.

SOUTHWESTERN ILLINOIS DEVELOPMENT AUTHORITY/MEMORIAL GROUP INC.: $157.87 million series 2013 health facility revenue bonds (/BB+/); negotiated; Piper Jaffray & Co. and Barclays (lead); proceeds to finance the construction, acquire, equip and furnish a 94-bed hospital in Shiloh, Ill., and refund existing debt.

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

UNIVERSITY OF MASSACHUSETTS BUILDING AUTHORITY: $250 million series 2013 refunding revenue bonds; negotiated; Jefferies & Co. (sole underwriter for 2013-3); Wells Fargo Securities LLC (lead for 2013-4); Ramirez & Co. Inc. (lead for 2013-5); proceeds to refund existing revenue debt.

• $80 million series 2013-4 taxable revenue refunding bonds

• $170 million series 2013-5 taxable refunding revenue bonds

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.

VIRGINIA PUBLIC SCHOOL AUTHORITY/PRINCE WILLIAM COUNTY: $62.43 million series 2013 special obligation school facility bonds (Aaa/AAA/AAA); competitive; Public Financial Management Inc. (financial adviser); bonds due 2014 to 2033; proceeds to finance school capital expenditures in Prince William County.

WASHINGTON STATE HOUSING FINANCE COMMISSION: $107,295,000 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.

• $82,495,000 series 2013A revenue and refunding bonds due Jan. 1, 2049

• $4.65 million series 2013B-1 tax-exempt mandatory paydown securities due Jan. 1, 2021

• $4.65 million series 2013B-2 tax-exempt mandatory paydown securities due Jan. 1, 2020

• $15.5 million series 2013B-3 tax-exempt mandatory paydown securities due Jan. 1, 2020

WESTERN MICHIGAN UNIVERSITY: $96.95 million series 2013 general revenue and refunding bonds (A1/A/); negotiated; Citigroup Global Markets Inc. (lead); Fifth Third Securities Inc. and Comerica Securities (co-managers); bonds due 2014 to 2033 with term bonds due in 2038 and 2043; proceeds to construct a new student dormitory and a new alumni center, as well as to refund the university's series 2003 general revenue bonds.

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