Vanderbilt University, Tenn., to sell $330 million revenue bonds

By Cristal Cody

Tupelo, Miss., March 11 - Vanderbilt University expected to price $330 million revenue bonds through the Health and Educational Facilities Board of the Metropolitan Government of Nashville and Davidson County in Tennessee on Wednesday, Betty Price, interim vice chancellor for finance, told Prospect News.

Additional pricing details for the series 2009A and 2009B fixed-rate bonds (Aa2/AA/AA) were not immediately available.

Merrill Lynch & Co. was the senior manager of the negotiated sale.

The co-managers were Morgan Stanley & Co. Inc., J.P. Morgan Securities Inc. and Goldman, Sachs & Co.

The proceeds will be used to refund the series 2005B1 flexible-rate bonds, the series 2005B2 term-rate bonds and outstanding commercial paper, as well as to finance capital improvements to university facilities.

© 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.