Municipals Calendar: Catholic Health preps $410.89 million bond sale

WEEK OF OCTOBER 10

CATHOLIC HEALTH INITIATIVES: $410.885 million series 2011 revenue bonds (Aa2/AA/AA); negotiated; J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC (lead); Bank of America Merrill Lynch, Edward D. Jones & Co. LP and Wells Fargo Securities LLC (co-managers); proceeds to construct, renovate and acquire facilities operated by Catholic Health; pricing week of Oct. 10.

• $308.84 million series 2011A revenue bonds through Colorado Health Facilities Authority

• $102.045 million series 2011A revenue bonds through Washington Health Care Facilities Authority

HONOLULU (HAWAII): $232.08 million series 2011 wastewater system revenue bonds (Aa2/AA/); Bank of America Merrill Lynch and Piper Jaffray & Co. (lead); proceeds will be used to refund the city's series 2005A and 2006A-C wastewater system revenue bonds; pricing week of Oct. 10.

• $164.955 million series 2011A bonds due 2016 to 2031 with term bonds due in 2036 and 2041

• $67.125 million series 2011B bonds due 2016 to 2023

OCTOBER 11

LOUISIANA PUBLIC FACILITIES AUTHORITY/LOYOLA UNIVERSITY: $125 million series 2011 revenue bonds (A2/A+/); negotiated; Barclays Capital Inc. (lead); Bank of America Merrill Lynch, Stephens Inc. and Wells Fargo Securities LLC (co-managers); bonds due 2017 to 2031 with term bonds due in 2033 and 2041; proceeds to fund capital improvements, including building repairs, replacements, renovations and upgrades, as well as equipment purchases for the university's New Orleans campus; pricing Oct. 11.

OCTOBER 12

MICHIGAN: $138.765 million series 2011 general obligation bonds (Aa2/AA-/AA-); competitive; Robert W. Baird & Co. Inc. (financial adviser); proceeds to make a deposit to state's school loan revolving fund, provide financing for environmental programs and refund existing debt; pricing Oct. 12.

• $30.11 million series 2011B taxable school loan general obligation bonds due Dec. 1, 2022

• $43.66 million series 2011A tax-exempt G.O. environmental program and refunding bonds due 2021 to 2025

• $64.995 million series 2011B taxable G.O. environmental program and refunding bonds due 2013 and 2017 to 2020

NEW YORK CITY: $125 million series 2011 tax-exempt variable-rate demand bonds; competitive; proceeds to fund capital expenditures; pricing Oct. 12.

WEEK OF OCTOBER 17

CHICAGO BOARD OF EDUCATION: $398.415 million series 2011A unlimited tax general obligation bonds (Aa3/AA-/A+); negotiated; Jefferies & Co. Inc. (lead); Rice Financial Products Co., Duncan-Williams Inc., Mesirow Financial Inc., Ramirez & Co. Inc. and Baird & Co. (co-managers); bonds due 2035 to 2041; proceeds to fund capital improvements to school facilities throughout the district; pricing week of Oct. 17.

OCTOBER 17

HUDSON YARDS INFRASTRUCTURE CORP. (NEW YORK): $1 billion series 2011 bonds; negotiated; J.P. Morgan Securities LLC (lead); Goldman, Sachs & Co. and Barclays Capital Inc. (co-managers); proceeds to pay for the extension of the Number 7 subway line from its current terminus at Eighth Avenue to the Hudson Yards Redevelopment Area and to pay for other infrastructure needs, including park development and other amenities; pricing Oct. 17.

OCTOBER

CALIFORNIA STATE PUBLIC WORKS BOARD: $450 million series 2011 tax-exempt lease revenue bonds; pricing in October.

NOVEMBER

CALIFORNIA STATE PUBLIC WORKS BOARD: $100 million series 2011 taxable lease revenue bonds; pricing in November.

CALIFORNIA STATE PUBLIC WORKS BOARD: $176 million taxable and tax-exempt bonds; pricing in November.

ON THE HORIZON

ALACHUA COUNTY HEALTH FACILITIES AUTHORITY (FLORIDA): $145.27 million of health facilities revenue bonds; negotiated; Ziegler Capital Markets (lead); proceeds for the construction, development, acquisition of land and equipping of a continuing care retirement community in Bonita Springs, Fla.

• $81.27 million series 2011A fixed-rate bonds

• $3 million series 2011B accelerated redemption reset option securities

• $15 million of series 2011C1 mandatory paydown securities

• $46 million of series 2011C2 mandatory paydown securities

DISTRICT OF COLUMBIA/ASSOCIATION OF AMERICAN MEDICAL COLLEGES: $104.215 million series 2011B revenue bonds (/A+/A); negotiated; Bank of America Merrill Lynch (lead); Citigroup Global Markets Inc. and J.P. Morgan Securities LLC (co-managers); bonds due 2015 to 2031 with term bonds due in 2036 and 2041; proceeds to construct, acquire, equip and furnish a building to house the association's executive offices, member programs, application and testing facilities, information technology and administrative support space.

DORMITORY AUTHORITY OF THE STATE OF NEW YORK/MOUNT SINAI HOSPITAL OBLIGATED GROUP: $63.85 million series 2011A revenue bonds (A2/A-/A); negotiated; Goldman, Sachs & Co. (lead); Bank of America Merrill Lynch, Citigroup Global Markets Inc., RBC Capital Markets LLC and Rice Financial Products Co. (co-managers); bonds due 2012 to 2023 with term bonds due in 2026, 2031 and 2041; proceeds to finance the construction, equipment, acquisition and renovation of certain Mount Sinai health facilities, including the obligated group's Center for Science and Medicine.

GALLIA COUNTY/HOLZER HEALTH SYSTEM OBLIGATED GROUP (OHIO): $172.7 million series 2011 hospital facilities revenue refunding bonds; negotiated; RBC Capital Markets LLC (lead); proceeds to acquire, construct, equip and renovate Holzer Health facilities, as well as refund series 1998 and 2005 revenue refunding bonds, a commercial loan and promissory notes.

INDIANA FINANCE AUTHORITY: $249.685 million series 2011 state revolving fund program bonds (Aaa/AAA/AAA); negotiated; Goldman, Sachs & Co. and Jefferies & Co. Inc. (lead); Bank of America Merrill Lynch, M.R. Beal & Co. Inc. and Wells Fargo Securities LLC (co-managers); proceeds to fund loan disbursements and refund authority's series 2004B-C bonds.

• $188.74 million series 2011A bonds due 2012 to 2030

• $61.215 million series 2011B refunding bonds due 2012 and 2021 to 2024

INDIANA FINANCE AUTHORITY: $84.11 million series 2011 facilities revenue refunding bonds (Aa1/AA+/AA+); negotiated; J.P. Morgan Securities LLC (sole); proceeds to refund authority's series 2002A revenue bonds and 2004B facilities revenue refunding bonds.

• $22.275 million series 2011A bonds

• $18.955 million series 2011B bonds

• $19.695 million series 2011C bonds

• $5.41 million series 2011D bonds

• $17.775 million series 2011E bonds

INDIANA FINANCE AUTHORITY: $67.535 million series 2011 facilities revenue refunding bonds; negotiated; City Securities Corp. (lead); Bank of America Merrill Lynch, Fidelity Capital Markets LLC, Morgan Keegan & Co. Inc. and Raymond James & Associates Inc. (co-managers); proceeds to refund the series 2002A and 2004B revenue bonds issued for the New Castle Correctional Facility, the 2003A and 2004C bonds issue for the Indiana State Museum, the 2003B bonds issued for the Evansville State Hospital, the 2004D bonds issued for the Logansville State Hospital and the 2004E bonds issued for the Southeast Regional Treatment Center; pricing week of Aug. 29.

• $21.115 million series 2011A New Castle Correctional Facility bonds due 2013 and 2020 to 2022

• $19.27 million series 2011B Indiana State Museum Facility bonds due 2012 to 2023

• $20.18 million series 2011C Evansville State Hospital Facility bonds due 2012 to 2024

• $1.615 million series 2011D Logansville State Hospital Facility bonds due 2012 to 2016

• $5.355 million series 2011E Southeast Regional Treatment Center Facility bonds due 2012 to 2017

KANSAS DEVELOPMENT FINANCE AUTHORITY/KU HEALTH SYSTEM: $100 million series 2011H health facilities revenue bonds (/A+/A+); negotiated; Piper Jaffray & Co. (lead); bonds due 2017 to 2031 with a term bond due in 2039; proceeds to construct a three-floor addition to the health system's existing three-story heart care center, construct a medical office building and purchase equipment.

NEW HAMPSHIRE HEALTH AND EDUCATION FACILITIES AUTHORITY: $135.4 million series 2011 adjustable-rate education loan revenue bonds (/AA-/A-1+/AA/F1+); negotiated; RBC Capital Markets LLC (sole); bonds due Dec. 1, 2032; proceeds to make loans to qualified educational entities within the state.

• $125.4 million series 2011A taxable bonds

• $10 million series 2011B tax-exempt bonds

NEW YORK LIBERTY DEVELOPMENT CORP.: $2,593,500,000 multi-modal liberty revenue bonds; negotiated; Goldman, Sachs & Co. (lead); bonds due Dec. 1, 2049; proceeds to construct five new skyscrapers, a retail center, a transportation hub, a performing arts center and the National September 11 Memorial and Museum at the World Trade Center site.

• $2,573,190,000 series 2011A bonds

• $20.31 million series 2011B variable-rate bonds

OHIO/CLEVELAND CLINIC HEALTH SYSTEM OBLIGATED GROUP: $271.965 million series 2011 hospital revenue refunding bonds (Aa2/AA-/); negotiated; J.P. Morgan Securities LLC (lead); PNC Capital Markets LLC, US Bancorp and Wells Fargo Securities LLC (co-managers); proceeds to prepay obligated group's series 2003A hospital revenue bonds.

• $192.42 million series 2011A bonds

• $79.275 million series 2011B taxable bonds

ORLANDO-ORANGE COUNTY EXPRESSWAY AUTHORITY (FLORIDA): $290 million series 2011A refunding revenue bonds (//A); negotiated; Wells Fargo Securities LLC (lead); Bank of America Merrill Lynch, Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Loop Capital Markets LLC, Raymond James & Associates Inc., Barclays Capital Inc., Goldman, Sachs & Co., Morgan Stanley & Co. Inc. and RBC Capital Markets LLC (co-managers); proceeds to refund authority's series 2008B-1 and 2008B-2 bonds.

PHILADELPHIA: $200 million series 2011-12 tax and revenue anticipation notes; competitive; proceeds to fund routine cash flow needs ahead of the collection of taxes and revenues.

PHILADELPHIA: $166 million series 2011 water and wastewater revenue and refunding bonds; proceeds to refund existing bonds and finance new money capital projects.

SACRAMENTO COUNTY (CALIFORNIA): $75 million series 2011B taxable pension obligation bonds (Aa3/AA+/); negotiated; J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC (lead); bonds due Aug. 1, 2024; proceeds to refund the county's series 2009 taxable pension obligation bonds.

SARASOTA COUNTY (FLORIDA): $58.465 million series 2011 utility system revenue refunding bonds; negotiated; Bank of America Merrill Lynch (lead); Raymond James & Associates Inc. (co-manager); proceeds to refund county's series 2002A-C utility system revenue bonds.

• $14.285 million series 2011A bonds

• $4.46 million series 2011B bonds

• $39.72 million series 2011C taxable bonds

TYLER HEALTH FACILITIES DEVELOPMENT CORP./MOTHER FRANCES HOSPITAL REGIONAL HEALTH CARE CENTER (TEXAS): $51.55 million series 2011 hospital revenue bonds (Baa1//BBB); negotiated; Bank of America Merrill Lynch (lead); bonds due 2021 to 2023 with term bond due in 2027; proceeds to construct and equip the Louis and Peaches Owen Heart Hospital, remodel existing hospital facilities and refinance existing debt.

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