YMCA of Greater Houston Area to price $200 million in revenue bonds July 9

By Sheri Kasprzak

New York, July 3 - The YMCA of Greater Houston Area in Texas intends to sell $200 million in series 2008 revenue bonds on July 9, said a sell-side source connected to the deal.

The sale includes $75 million in series 2008A variable-rate demand bonds, $50 million in series 2008B variable-rate demand bonds, $25 million in series 2008C variable-rate demand bonds, $25 million in series 2008D variable-rate demand bonds and $25 million in series 2008E variable-rate demand bonds.

The bonds (Aaa/VMIG1//) will be sold through the Harris County Cultural Education Facilities Finance Corp. on a negotiated basis with JPMorgan as lead manager. The bonds are due June 1, 2038.

The bonds initially bear interest at the daily rate.

Proceeds will be used to finance of reimburse the corporation for the construction of capital projects, as well as to refund the YMCA's series 1999 and 2002 revenue bonds.

© 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.