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Washington State University preps $171.12 million general revenue debt
By Sheri Kasprzak
New York, Feb. 9 – The Washington State University is scheduled to price $171.12 million of series 2015 general revenue and refunding bonds on Wednesday, according to a preliminary official statement.
The bonds (Aa2/AA-/) will be sold on a negotiated basis with J.P. Morgan Securities LLC as the senior manager. The co-managers are Barclays and Wells Fargo Securities LLC.
The bonds are due 2016 to 2041.
Proceeds will be used to construct a digital classroom facility, a medical clinic facility, a police station, renovate a building for student health services, as well as to refund the university’s series 2005 housing and dining revenue refunding bonds, a portion of its series 2005 parking system revenue refunding bonds, a portion of its series 2006A student fee revenue bonds, a portion of its series 2007 athletic facilities revenue bonds and, subject to market conditions, its series 2008 housing and dining system revenue bonds.
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