Lafayette College, Pa., to price $76.2 million bonds

By Cristal Cody

Springdale, Ark., July 11 - The Northampton County General Purpose Authority, Pa., intends to price $76.2 million refunding and revenue bonds for Lafayette College, according to a preliminary official statement released Friday.

The series 2008 bonds (Aa3/AA-/) have serial maturities from 2009 through 2018 and a term due 2034.

Merrill Lynch & Co. is the senior manager of the negotiated sale, and JPMorgan is a co-manager.

Proceeds will be used to refund the series 2004 and second series 2004 revenue bonds and series 2007 revenue notes and finance the acquisition of real estate in the City of Easton and capital projects.

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