Municipals Calendar: Chicago O'Hare preps $998.86 million deal

WEEK OF MARCH 21

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; pricing week of March 21.

• $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

WEEK OF MARCH 28

GEORGIA ENVIRONMENTAL LOAN ACQUISITION CORP.: $202.755 million series 2011 local government loan securitization bonds (//A); negotiated; Morgan Keegan & Co. Inc. (lead); Barclays Capital Inc., BB&T Capital Markets, Citigroup Global Markets Inc. and Goldman Sachs & Co. (co-managers); bonds due 2012, 2014, 2016, 2020 and 2030; proceeds to acquire environmental loans from the Georgia Environmental Finance Authority to establish a debt service reserve; pricing week of March 28.

LEE COUNTY (FLORIDA): $80.465 million series 2011 water and sewer refunding revenue bonds (Aa3/AA/AA-); negotiated; J.P. Morgan Securities LLC (lead); RBC Capital Markets LLC, Morgan Stanley & Co. Inc. (co-managers); to refund series 1999A water and sewer revenue bonds; pricing week of March 28.

MARCH 28

WATERLOO COMMUNITY SCHOOL DISTRICT (IOWA): $52.925 million series 2011A school infrastructure sales, services and use tax revenue refunding bonds (/A/); competitive; Piper Jaffray & Co. (financial adviser); bonds due 2012 to 2030; proceeds to retire district's series 2009 bond anticipation notes; pricing March 28.

MARCH 30

ANNE ARUNDEL COUNTY (MARYLAND): $179.59 million series 2011 general obligation bonds; competitive; Public Resources Advisory Group (financial adviser); 2011 general improvements bonds due 2012 to 2031; 2011 water and sewer bonds due 2012 to 2041; proceeds to retire county's series A bond anticipation notes and fund general improvements and improvements to county's water and sewer system; pricing March 30.

• $131.99 million series 2011 consolidated general improvements bonds

• $47.6 million series 2011 water and sewer bonds

SUFFOLK COUNTY WATER AUTHORITY (NEW YORK): $100 million series 2011 bond anticipation notes (/SP-1+/F1+); competitive; Goldman Sachs & Co. (financial adviser); 2011A notes due April 1, 2012; 2011B notes due April 1, 2014; proceeds to fund capital requirements ahead of additional bond issuance; pricing March 30.

• $50 million series 2011A

• $50 million series 2011B

TEMPLE UNIVERSITY (PENNSYLVANIA): $120 million series 2011 university funding obligations (MIG 1); competitive; Public Financial Management, Inc. (financial adviser); due April 4, 2012; proceeds to fund equipment expenditures, capital improvements and refinance some 2010 funding obligations; pricing March 30.

ON THE HORIZON

COLLIER COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY (FLORIDA)/NCH HEALTHCARE SYSTEM: $104.425 million series 2011 health care facilities revenue bonds; negotiated; Morgan Stanley & Co. Inc. (lead); Merrill Lynch, Citigroup Global Markets Inc. and J.P. Morgan Securities LLC (co-managers); proceeds to finance or refinance costs of acquiring, constructing and renovating NCH facilities, as well as to refund the health care system's series 1993 and/or 1996 bonds.

GEORGE WASHINGTON UNIVERSITY (D.C.): $100 million series 2011 taxable bonds (A1); negotiated; Barclays Capital Inc., J.P. Morgan Securities LLC and Loop Capital Markets LLC (underwriters); bonds due Sept. 15, 2021; proceeds to fund general corporate needs of university.

GREATER ORLANDO AVIATION AUTHORITY (FLORIDA): $90 million series 2010 airport facilities refunding revenue bonds (Aa3/A+/AA-); negotiated; Loop Capital Markets LLC (lead); 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

GUAM: $86.435 million series 2011A hotel occupancy tax revenue bonds (/BBB+/); negotiated; Ramirez & Co. Inc. and Piper Jaffray & Co. (lead); bonds due 2011 to 2021 with term bonds due 2026, 2031 and 2040; proceeds to construct new Guam Museum and other projects to enhance government's tourism, as well as refund existing debt.

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.

HARTFORD (CONNECTICUT): $70.35 million series 2011 general obligation bonds and bond anticipation notes; negotiated; William Blair & Co. Inc. (lead); Lebenthal & Co. LLC and Williams Capital Group LP (co-managers); G.O.s are due 2013 to 2031; BANs due April 12, 2012; proceeds to fund various capital improvement projects and retire city's series 2010 bond anticipation notes.

• $25 million series 2011A general obligation bonds

• $45.35 million series 2011 G.O. bond anticipation notes

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.

IRVING (TEXAS): $67.08 million series 2011 waterworks and sewer system revenue and refunding bonds (Aa1/AA/); negotiated; Estrada Hinojosa & Co. Inc. and Wells Fargo Securities LLC (lead); bonds due 2011 to 2031; proceeds to make improvements and extensions to the city's water and sewer system and refund bonds.

LANCASTER COUNTY HOSPITAL AUTHORITY/LANCASTER GENERAL HOSPITAL (PENNSYLVANIA): $75 million series 2011 health system revenue bonds (Aa3/AA-/); negotiated; 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.

MARYLAND HEALTH AND HIGHER EDUCATIONAL FACILITIES AUTHORITY/GREATER BALTIMORE MEDICAL CENTER: $68.515 million series 2011 revenue bonds (A2/A/); negotiated; Raymond James & Associates Inc. and J.P. Morgan Securities LLC (lead); bonds due 2012 to 2021 with term bonds due 2026 and 2034; proceeds to make renovations and expansions to Greater Baltimore Medical facilities, as well as refund bonds.

METROPOLITAN TRANSPORTATION AUTHORITY (NEW YORK): $130 million series 2011A dedicated tax fund refunding bonds; negotiated; Jefferies & Co. Inc. and Jackson Securities (lead); Barclays Capital Inc.; Merrill Lynch; Citigroup Global Markets Inc.; Goldman Sachs & Co.; J.P. Morgan Securities LLC; Morgan Stanley & Co. Inc.; Ramirez & Co. Inc.; Siebert Brandford Shank & Co. LLC; Wells Fargo Securities LLC; BB&T Capital Markets; Duncan-Williams Inc./Oppenheimer & Co. Inc.; Edward Jones & Co.; Fidelity Capital Markets LLC; FirstSouthwest Co.; Loop Capital Markets LLC; M.R. Beal & Co. Inc.; Morgan Keegan & Co. Inc.; Piper Jaffray & Co.; Raymond James & Associates Inc.; RBC Capital Markets LLC; Rice Financial Products Co.; Roosevelt & Cross Inc.; Stifel, Nicolaus & Co. Inc.; and TD Securities (USA) LLC (co-managers); bonds due 2012 to 2021; proceeds to refund MTA's series 2001A 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); 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

MINNESOTA HOUSING FINANCE AGENCY: $62.5 million series 2011 homeownership finance bonds; negotiated; RBC Capital Markets LLC (lead); Morgan Stanley & Co. Inc., Piper Jaffray & Co. and Wells Fargo Securities LLC (co-managers); proceeds to make mortgage loans for qualified homeowners.

PUERTO RICO INDUSTRIAL, TOURIST, EDUCATIONAL, MEDICAL AND ENVIRONMENTAL CONTROL FACILITIES FINANCING AUTHORITY/CAPARRA HILLS INC.: $59.645 million series 2011A industrial revenue refunding bonds (//BBB-); negotiated; UBS Financial Services Inc. of Puerto Rico (lead); proceeds to refund previous bonds, the proceeds of which were lent to Caparra Hills Inc., a commercial retail space owner and operator.

PUERTO RICO INDUSTRIAL, TOURIST, EDUCATIONAL, MEDICAL AND ENVIRONMENTAL CONTROL FACILITIES FINANCING AUTHORITY: $103.23 million series 2011A hospital revenue and revenue refunding bonds (/A-/); negotiated; J.P. Morgan Securities LLC and Morgan Stanley & Co. Inc. (lead); FirstBank Puerto Rico Securities and Popular Securities (co-managers); bonds due 2015 to 2021 with term bonds due 2026 and 2033; proceeds to refund existing hospital revenue bonds.

SOUTH PLACER WASTEWATER AUTHORITY (CALIFORNIA): $96.825 million series 2011 wastewater revenue refunding bonds (Aa3/A+/); negotiated; Morgan Stanley & Co. Inc. (lead); 2011C bonds due 2011 to 2025; 2011D bonds due 2014 to 2015; proceeds to refund authority's series 2008A-B bonds.

• $66.825 million series 2011C bonds

• $30 million series 2011D Sifma index bonds

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.

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