Klein ISD, Texas, to sell $232.27 million schoolhouse, refunding bonds

By Sheri Kasprzak

New York, June 24 – The Klein Independent School District of Texas is set to price $232.27 million of series 2015 unlimited tax schoolhouse and refunding bonds on Thursday, according to a preliminary official statement.

The deal includes $215.51 million of series 2015A schoolhouse and refunding bonds and $16.76 million of series 2015B refunding bonds.

The bonds (Aa1/AA/) will be sold on a negotiated basis with Raymond James/Morgan Keegan, George K. Baum & Co. Inc. and Jefferies & Co. as the lead managers. The co-managers are BOSC Inc., Piper Jaffray & Co. and Wells Fargo Securities LLC.

The 2015A bonds are due 2016 to 2045. The 2015B bonds are due 2028 to 2031.

Proceeds will be used to construct, acquire, equip, improve and renovate school facilities, as well as refund the district’s series 2005A, 2005, 2006, 2007, 2008 and 2008A 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.