Municipals Calendar: Imperial Irrigation sets $80 million bond sale

WEEK OF FEBRUARY 14

OHIO/UNIVERSITY OF DAYTON: $60.805 million series 2011 higher educational facility revenue bonds (A2/A/); negotiated; Morgan Stanley & Co. Inc. (sole); 2011A bonds due 2011 to 2017 with term bond due in 2041; 2011B bonds due July 1, 2016; proceeds to construct, equip, renovate, upgrade and furnish educational facilities at the University of Dayton, as well as refund university's series 2001 bonds; pricing week of Feb. 14.

• $32.805 million series 2011A bonds

• $28 million series 2011B bonds

FEBRUARY 16

IMPERIAL IRRIGATION DISTRICT (CALIFORNIA): $80 million series 2011A electric system refunding revenue bonds (Aa3/A1/AA+/AA-/); negotiated; Goldman, Sachs & Co. and Citigroup Global Markets Inc. (lead); Barclays Capital Inc. and De La Rosa & Co. (co-managers); bonds due 2012 to 2041; proceeds to refund district's series A notes, which were used to finance the El Centro Unit 3 Repower Project; pricing Feb. 16.

FEBRUARY 17

WASHINGTON HEALTH CARE FACILITIES AUTHORITY/SWEDISH HEALTH SERVICES: $175 million series 2011A revenue bonds (A2//A+); negotiated; Citigroup Global Markets Inc. (lead); Bank of America Merrill Lynch and J.P. Morgan Securities LLC (co-managers); proceeds to construct, equip, acquire and remodel Swedish Health's inpatient, outpatient and administrative facilities, as well as refund debt; pricing Feb. 17.

ON THE HORIZON

CHICAGO/CHICAGO O'HARE INTERNATIONAL AIRPORT: $998.855 million series 2011 passenger facility charge revenue bonds; negotiated; Citigroup Global Markets Inc. and Siebert Brandford Shank & Co. LLC (lead); Barclays Capital Inc.; Estrada Hinojosa & Co. Inc.; Jackson Securities Inc.; Jefferies & Co.; Melvin & Co.; Morgan Keegan & Co. Inc.; PNC Capital Markets LLC; Ramirez & Co. Inc.; Rice Financial Products Co.; and Toussaint Capital Partners LLC (co-managers); proceeds to make capital improvements at the airport, refund grant anticipation bonds and commercial paper notes and make debt service payments.

• $417.04 million series 2011A passenger facility charge non-AMT revenue bonds

• $43.58 million series 2011B passenger facility charge non-AMT revenue refunding bonds

• $127.065 million series 2011C passenger facility charge AMT revenue refunding bonds

• $411.17 million series 2011A grant receipts and subordinate-lien passenger facility charge revenue bonds

GREATER ORLANDO AVIATION AUTHORITY (FLORIDA): $90 million series 2010 airport facilities refunding revenue bonds (Aa3/A+/AA-); negotiated; Loop Capital Markets LLC (lead); Bank of America Merrill Lynch, Citigroup Global Markets Inc. and J.P. Morgan Securities LLC (co-managers); 2010C bonds due 2019 to 2028; 2010D bonds due 2011 to 2018; proceeds to refund authority's series 1999A-B bonds.

• $75 million series 2010C AMT bonds

• $15 million series 2010D non-AMT bonds

GROSSMONT HEALTHCARE DISTRICT (CALIFORNIA): $136.86 million election of 2006, series 2011 general obligation bonds (Aa2); negotiated; Goldman, Sachs & Co. (lead); bonds due 2016 to 2031 with term bonds due 2034 and 2040; proceeds to continue capital projects including the completion of hospital tower renovations, a central energy plant, a diagnostic and treatment center and a health occupations training center.

HARRIS COUNTY INDUSTRIAL DEVELOPMENT CORP./DEER PARK REFINANCING LPP (TEXAS): $125 million series 2010 revenue bonds (A2/A/); negotiated; J.P. Morgan Securities LLC (lead); Citigroup Global Markets Inc. and Mitsubishi UFJ Securities (co-managers); Dec. 1, 2020; proceeds to purchase equipment to recover flare gas and finance capital projects to reduce flare at the refinery's Houston facility.

HOSPITALS AND HIGHER EDUCATION FACILITIES AUTHORITY OF PHILADELPHIA/CHILDREN'S HOSPITAL OF PHILADELPHIA: $200 million series 2011A hospital revenue bonds (Aa2/AA/); negotiated; J.P. Morgan Securities LLC (lead); Goldman, Sachs & Co. and Wells Fargo Securities LLC (co-managers); proceeds to construct a five-story ambulatory care center at the hospital, as well as make other repairs, renovations and expansions to the hospital.

HOUSTON: $280.64 million series 2011A combined utility system revenue refunding bonds (/AA/AA-/); negotiated; Rice Financial Products Co. (lead); Morgan Stanley & Co. Inc., Piper Jaffray & Co., Fidelity Capital Markets LLC, Ramirez & Co. Inc. and Wells Fargo Securities LLC (co-managers); proceeds to refund city's series 2004C-1, 2004C-2A and 2004C-2B bonds.

ILLINOIS: $3.7 billion series 2011 taxable general obligation bonds; negotiated; Morgan Stanley & Co. Inc., Goldman, Sachs & Co. and Loop Capital Markets LLC (joint bookrunners); Mesirow Financial Inc. and William Blair & Co. (co-senior managers); Blaylock Robert Van LLC, Estrada Hinojosa & Co. Inc., Fidelity Capital Markets Inc., George K. Baum & Co., RBC Capital Markets Corp. and Wells Fargo Bank, NA (co-managers); bonds due 2014 to 2019; proceeds to finance school capital needs and fund state's retirement system requirements.

INDUSTRIAL DEVELOPMENT CORP. OF THE PORT OF BELLINGHAM (WASHINGTON)/BP WEST COAST LLC: $111 million series 2010 environmental facilities industrial revenue bonds; negotiated; Goldman, Sachs & Co.; proceeds to construct sewage treatment and solid waste disposal facilities at BP's Cherry Point Refinery in Whatcom County, Wash.

LANCASTER COUNTY HOSPITAL AUTHORITY/LANCASTER GENERAL HOSPITAL (PENNSYLVANIA): $75 million series 2011 health system revenue bonds (Aa3/AA-/); negotiated; Bank of America Merrill Lynch and RBC Capital Markets LLC (lead); Wells Fargo Securities LLC and Janney Montgomery Scott LLC (co-managers); proceeds to construct, add, expand and improve the hospital laboratory facilities and its angiography suite, as well as refund its series 1998 and 2008 bonds.

METROPOLITAN WATER RECLAMATION DISTRICT OF GREATER CHICAGO (ILLINOIS): $500 million series 2010 general obligation capital improvement bonds (Aaa/AAA/AAA); negotiated; J.P. Morgan Securities LLC and Citigroup Global Markets Inc. (lead); Bank of America Merrill Lynch, Barclays Capital Inc., Duncan-Williams Inc., Loop Capital Markets LLC, Ramirez & Co. Inc., Siebert Brandford Shank & Co. LLC and William Blair & Co. Inc. (co-managers); 2010A bonds due 2012 to 2014; 2010B bonds due 2015 to 2018; 2010C bonds due 2019 to 2025 with a term bond due 2032; proceeds to construct, remodel, rehabilitate and repair water facilities, flood protection controls and pollution measures.

• $30 million series 2010A taxable bonds

• $70 million series 2010B tax-exempt bonds

• $400 million series 2010C Build America Bonds

MICHIGAN FINANCE AUTHORITY: $51.16 million series 2011A local government loan program revenue bonds (/A+/A/); negotiated; Stifel, Nicolaus & Co. and Wells Fargo Bank, NA (lead); Edward D. Jones & Co. LP and Fidelity Capital Markets Services Inc. (co-managers); school program bonds due 2011 to 2021 with term bonds due 2023 and 2025; revenue sharing bonds due 2012 to 2030 with term bond due in 2035; proceeds to fund loans to local governments for capital improvements.

• $31.16 million school program bonds

• $20 million revenue sharing bonds

SAN BERNARDINO CITY UNIFIED SCHOOL DISTRICT (CALIFORNIA): $53.08 million series 2011A taxable certificates of participation (A3/A-/); negotiated; Cabrera Capital Markets LLC and Siebert Brandford Shank & Co. LLC (lead); proceeds to construct new school buildings and make improvements, including new heating, ventilation and air conditioning systems and site abatement for existing school sites.

SPECIAL CARE FACILITIES FINANCING AUTHORITY OF THE CITY OF PELL/NOLAND HEALTH SERVICES INC. (ALABAMA): $92.98 million series 2010A revenue bonds (/A-/); negotiated; RBC Capital Markets Corp. (lead); bonds due 2011 to 2020 with term bonds due 2025, 2030 and 2039; proceeds to finance capital improvements to Noland Health facilities, as well as advanced refund authority's series 2007A and refund its series 2009A bonds.

TOHOPEKALIGA WATER AUTHORITY (FLORIDA): $99.58 million series 2010A utility system revenue refunding bonds (Aa3/AA+/); negotiated; FirstSouthwest Co. (lead); proceeds to refund authority's series 2007 bonds and terminate a swap agreement connected to those bonds.

WACO EDUCATION FINANCE CORP./BAYLOR UNIVERSITY (TEXAS): $103.85 million series 2010 tax-exempt revenue and refunding bonds (/AA-/AA-); negotiated; Barclays Capital Inc. and Bank of America Merrill Lynch (lead); bonds due 2011 to 2025 with term bonds due 2032 and 2040; proceeds to finance construction of a new athletic-academic complex on Baylor campus, acquire real property for university, refund university's series 2008B bonds and refinance series A commercial paper.

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