Katy ISD, Texas, coordinates $209.51 million school, refunding bonds

By Sheri Kasprzak

New York, Jan. 22 – The Katy Independent School District of Texas is set to price $209.51 million of series 2015 unlimited tax bonds, according to a preliminary official statement.

The deal includes $151,975,000 of series 2015A school building bonds and $57,535,000 of series 2015B refunding bonds.

The bonds (Aa1//AA) will be sold on a negotiated basis with J.P. Morgan Securities LLC as the senior manager and George K. Baum & Co., Edward D. Jones & Co. LP, Fidelity Capital Markets LLC, BOSC Inc., Goldman Sachs & Co. and Oppenheimer & Co. as the co-managers.

The 2015A bonds are due 2015 to 2036. The 2015B bonds are due 2015 to 2036.

Proceeds will be used to finance the construction of school buildings in the district, as well as to refund existing district debt.

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