California Educational preps $55 million Occidental College bond deal

By Sheri Kasprzak

New York, April 29 - The California Educational Facilities Authority plans to price $55 million of series 2013 revenue bonds for Occidental College, according to a preliminary official statement. Pricing is expected during the week of April 29.

The bonds (Aa3) will be sold through senior manager Wells Fargo Securities LLC.

The offering includes $48.24 million of series 2013A tax-exempt bonds and $6.76 million of series 2013B taxable bonds.

The maturities have not been set.

Proceeds will be used to construct, equip, furnish and acquire educational facilities, as well as to refund a portion of the college's series 2005A bonds.

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