Virginia College Building arranges $67.05 million refunding bond sale

By Sheri Kasprzak

New York, March 12 – The Virginia College Building Authority is set to price $67.05 million of series 2015A educational facilities revenue and refunding bonds for Marymount University, according to a preliminary official statement.

The bonds (Ba1) will be sold through Morgan Stanley & Co. LLC.

The bonds are due 2015 to 2025.

Proceeds will be used to finance maintenance and improvements to the university’s main campus in Arlington, Va., as well as to refinance a term loan and refund the authority’s series 1998 bonds and 2009 notes issued for the university.

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