Municipal Calendar: University of California offers $842 million revenue bonds

Week of April 4

April 6

EAGLE MOUNTAIN-SAGINAW INDEPENDENT SCHOOL DISTRICT (TEXAS):

• $156.91 million series 2016 unlimited tax refunding bonds

• Negotiated

• Hilltop Securities Inc. (lead)

• Raymond James/Morgan Keegan and William Blair & Co. (co-managers)

• Serial maturities from 2018 through 2037

• Proceeds from the deal will be used to refund a portion of the district’s outstanding bonds

TARRANT COUNTY CULTURAL EDUCATION FACILITIES FINANCE CORP. (TEXAS)/BAYLOR SCOTT & WHITE HEALTH:

• $912.08 million series 2016 hospital revenue bonds (Aa3/AA-)

• Negotiated

• Citigroup Global Markets Inc. and J.P. Morgan Securities LLC (lead)

• Estrada Hinojosa & Co. Inc. and Siebert Brandford Shank & Co. (co-managers)

• Proceeds to construct and equip the corporation’s health facilities, including the emergency room department improvements at the Baylor All Saints Medical Center in Fort Worth, renovations to the Baylor University Medical Center in Dallas and the construction and equipment of a surgical science center at the Scott & White Memorial Hospital in Temple, Texas

• $372.08 million series 2016A tax-exempt bonds

• $540 million series 2016B taxable bonds

April 7

DORMITORY AUTHORITY OF THE STATE OF NEW YORK/FORDHAM UNIVERSITY:

• $150 million series 2016A revenue bonds (A2/A)

• Negotiated

• Morgan Stanley & Co. LLC (lead)

• J.P. Morgan Securities LLC and Ramirez & Co. Inc. (co-managers)

• Proceeds to reconstruct and renovate a four-story facility at the Lincoln Center campus at 62nd Street in New York City

LOS ANGELES DEPARTMENT OF WATER AND POWER (CALIFORNIA):

• $550 million series 2016A water system revenue bonds (Aa2/AA+/AA)

• Negotiated

• Wells Fargo Securities LLC and BofA Merrill Lynch (leads)

• Barclays, Jefferies & Co., Mischler Financial Group, Inc. and Ramirez & Co., Inc. (co-managers)

• Proceeds to pay for capital improvements to the water system, prepay certain revolving loans payable from the water revenue fund and to purchase and cancel a portion of outstanding series 2006 A, subseries A-1 and subseries A-2 revenue bonds

SAN DIEGO PUBLIC FACILITIES FINANCING AUTHORITY:

• $105.24 million series 2016 lease revenue refunding bonds (/AA-/A+)

• Negotiated

• RBC Capital Markets LLC (lead)

• BofA Merrill Lynch, William Blair & Co. and Stern Brothers & Co. (co-managers)

• Bonds due Oct. 15, 2016 through Oct. 15, 2031

• Proceeds will be used to refund the authority’s series 2007A ballpark refunding lease revenue refunding bonds

UNIVERSITY OF CALIFORNIA:

• $842 million general revenue bonds (Aa2/AA/AA)

• Negotiated

• Wells Fargo Securities LLC and Barclays (lead)

• Ramirez & Co., Inc., Alamo Capital Inc., BNY Mellon Capital Markets LLC, BOSC, Inc., Citigroup Global Markets Inc., Drexel Hamilton LLC, Fidelity Capital Markets Inc., Great Pacific Securities, Hilltop Securities Inc., Jefferies & Co., Loop Capital Markets LLC, Mischler Financial Group, Inc., Prager & Co., LLC, RH Investment Corp. and Sutter Securities Inc. (co-managers)

• Proceeds to finance capital projects at the university and refund certain outstanding general revenue bonds

• $438 million of series 2016AR bonds

• $184 million of series 2016AS taxable bonds

• $132 million of series 2016AT bonds

• $88 million of series 2016AU taxable fixed-rate notes

Week of April 11

April 12

CALIFORNIA:

• $100 million series 2016CN non-AMT veterans general obligation bonds (Aa2/AA/AA-)

• Competitive

• Montague DeRose & Associates LLC (financial adviser)

• Bonds due 2017 to 2046 with a term bond due 2045

• Proceeds to finance contracts of purchase

CALIFORNIA INFRASTRUCTURE AND ECONOMIC DEVELOPMENT BANK:

• $414.21 million series 2016 clean water state revolving fund revenue bonds (Aaa/AAA/AAA)

• Negotiated

• Morgan Stanley & Co. LLC, Piper Jaffray & Co. and Stifel, Nicolaus & Co., Inc. (lead)

• Academy Securities, Inc., Backstrom McCarley Berry & Co., LLC, Estrada Hinojosa & Co., Inc., Goldman Sachs & Co., Jefferies & Co., KeyBanc Capital Markets Inc., Raymond James/Morgan Keegan, RBC Capital Markets LLC, Rice Financial Products Co., Siebert Brandford Shank & Co., LLC, U.S. Bancorp Investments Inc., William Blair & Co. and Wulff, Hansen & Co. (co-managers)

• Bonds due 2017 to 2035

• Proceeds to fund various water projects across the state

On The Horizon

BLACK BELT ENERGY GAS DISTRICT (ALABAMA):

• $1 billion series 2016 gas supply revenue bonds

• Negotiated

• RBC Capital Markets LLC (sole)

• Bonds due 2017 to 2021 with term bond due 2046

• Proceeds to make a gas supply purchase

DARTMOUTH COLLEGE (NEW HAMPSHIRE):

• $250 million series 2016A taxable bonds

• Negotiated

• Goldman Sachs & Co. and BofA Merrill Lynch (leads)

• TD Securities (USA) LLC (co-manager)

• Bonds due June 1, 2046

• Proceeds for general corporate purposes, including to finance or refinance capital improvements and to refund $100 million of the institution's $250 million outstanding series 2009A taxable bonds

DORMITORY AUTHORITY OF THE STATE OF NEW YORK/COLUMBIA UNIVERSITY:

• $392 million series 2016 revenue bonds

• Negotiated

• Goldman Sachs & Co. and Morgan Stanley & Co. (lead)

• Barclays, BofA Merrill Lynch, Drexel Hamilton LLC, J.P. Morgan Securities LLC, Ramirez & Co. Inc., Rice Financial Products Co. and Wells Fargo Securities LLC (co-managers)

• Proceeds to finance capital projects for the university and to refund existing debt issued by Columbia

• $50 million series 2016A-1 green bonds

• $130 million series 2016A-2 bonds

• $212 million series 2016B bonds

FLORIDA DEVELOPMENT FINANCE CORP.:

• $1.75 billion series 2015A-B All-Aboard Florida Passenger Rail project surface transportation facilities revenue bonds

• Negotiated

• BofA Merrill Lynch (lead)

• Proceeds to finance a commuter rail linking Miami with Orlando International Airport

KANSAS CITY (MISSOURI):

• $332.86 million special obligation bonds (A1/AA-/)

• Negotiated

• Citigroup Global Markets Inc. (lead)

• Valdes & Moreno, Inc., Stifel, Nicolaus & Co., Inc., D.A. Davidson & Co., Stern Brothers & Co. and Ameritas Investment Corp. (co-managers)

• Proceeds to provide funds to acquire, construct, reconstruct and improve city projects, refund a portion of the outstanding series 2006A Kansa City municipal assistance corporation leasehold refunding and improvement revenue bonds and to advance refund all of the outstanding series 2008A special obligation improvement and refunding bonds, the outstanding series 2008B special obligation bonds and the outstanding series 2008C special obligation refunding bonds

• $60.51 million of series 2016A Kansas City, Mo., projects special obligation bonds due Oct. 1, 2016 to Oct. 1, 2035

• $33,695,00 of series 2016B Kansas City, Mo., projects taxable special obligation bonds due Oct. 1, 2016 to Oct. 1, 2035

• $31,335,000 of series 2016C Kansas City, Mo., projects special obligation refunding bonds due Oct. 1, 2016 to Oct. 1, 2027

• $25.16 million of series 2016D East Village project special obligation refunding bonds due April 15, 2017 to April 15, 2031

• $182.16 million of series 2016E downtown arena project special obligation improvement and refunding bonds due April 1, 2017 to April 1, 2040

MASSACHUSETTS WATER RESOURCES AUTHORITY:

• $535 million of revenue and revenue refunding bonds (Aa1/AA+/AA+)

• Negotiated

• Citigroup Global Markets Inc., Barclays, BofA Merrill Lynch, J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC (leads)

• Goldman Sachs & Co., Jefferies & Co., Ramirez & Co., Inc., RBC Capital Markets LLC and Wells Fargo Securities LLC (co-managers)

• Proceeds will be used to finance capital improvements and repay outstanding debt

• $85 million of series 2016B general revenue bonds

• $450 million of series 2016C general revenue refunding green bonds

PARTNERS HEALTHCARE SYSTEM (MASSACHUSETTS):

• $100 million series 2016 taxable bonds (Aa3/AA-/AA)

• Negotiated

• J.P. Morgan Securities LLC (lead)

• BofA Merrill Lynch, Barclays, Jefferies & Co., TD Securities (USA) LLC and Wells Fargo Securities LLC (co-managers)

• Proceeds for general corporate purposes

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