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Volusia County Educational, Fla., to sell $97.28 million revenue bonds for Stetson University
By Sheri Kasprzak
New York, March 12 – The Volusia County Educational Facilities Authority of Florida is set to price $97,275,000 of series 2015 educational facilities revenue bonds for Stetson University, according to a preliminary official statement.
The bonds (A3/A-/) will be sold on a negotiated basis with Barclays as the senior manager and Raymond James/Morgan Keegan, SunTrust Robinson Humphrey Inc. and Wells Fargo Securities LLC as the co-managers.
The bonds are due 2016 to 2035 with a term bond due in 2040.
Proceeds will be used to make renovations and improvements to academic buildings, administrative facilities and other properties on the university’s Gulfport and DeLand campuses, as well as to refund existing bonds.
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