Municipals Calendar: Ventura County plans $138 million note deal

WEEK OF MAY 23

MILWAUKEE: $53 million series 2011-S1 sewerage system revenue bonds; negotiated; Cabrera Capital Markets LLC (lead); J.P. Morgan Securities LLC and Loop Capital Markets LLC (co-managers); bonds due 2012 to 2031; proceeds to finance capital improvements to city's sewerage system; pricing week of May 23.

JUNE

HIGHER EDUCATION LOAN AUTHORITY OF THE STATE OF MISSOURI: $579 million series 2011-1 student loan asset-backed Libor floating-rate notes (/AAA/AAA); negotiated; Morgan Stanley & Co. Inc. (lead); proceeds to acquire student loans; pricing in June.

WEEK OF MAY 30

JUNE 1

VENTURA COUNTY (CALIFORNIA): $137.855 million series 2011-12 tax and revenue anticipation notes (MIG 1/SP-1+/); competitive; Fieldman, Rolapp & Associates (financial adviser); notes due June 29, 2012; proceeds to fund general operation expenses ahead of the collection of taxes and revenues; pricing June 1.

WEEK OF JUNE 6

JUNE 7

OMAHA PUBLIC POWER DISTRICT (NEBRASKA): $150 million series 2011A electric system revenue bonds (Aa1/AA/); negotiated; Goldman, Sachs & Co. and Bank of America Merrill Lynch (lead); Ameritas Investment Corp., Citigroup Global Markets Inc., Edward Jones & Co. Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. Inc., RBC Capital Markets LLC and Wells Fargo Securities LLC (co-managers); bonds due 2014 to 2022; proceeds to make upgrades to city's electric system, as well as refund its series 2002B, 2003A and 2005A bonds; pricing June 7.

ON THE HORIZON

DURHAM COUNTY (NORTH CAROLINA): $62.18 million series 2011 general obligation refunding bonds (Aaa/AAA/); negotiated; Stephens Inc. and Bank of America Merrill Lynch (lead); bonds due 2011 to 2022; proceeds to refund county's series 2004A-B and 2006A-B 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

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.

LOUISIANA: $177.13 million series 2011-1 general obligation refunding Libor index bonds (Aa2//AA); negotiated; Morgan Stanley & Co. Inc. (lead); bonds due July 15, 2014; proceeds to refund state's series 2006A-B G.O. bonds.

MASSACHUSETTS PORT AUTHORITY: $211.56 million series 2011 ConRAC project special facilities revenue bonds (A3/A/A-); negotiated; Citigroup Global Markets Inc. (lead); Morgan Keegan & Co. Inc., Barclays Capital Inc., Fidelity Capital Markets LLC and Jefferies & Co. (co-managers); 2011A bonds due July 1, 2041; 2011B bonds due 2012 to 2021 with term bonds due July 1, 2031 and July 1, 2038; proceeds to construct and equip a consolidated rental car facility at Boston-Logan International Airport.

• $58.495 million series 2011A non-AMT bonds

• $153.065 million series 2011B taxable bonds

MASSACHUSETTS STATE COLLEGE BUILDING AUTHORITY: $51.865 million series 2011A refunding revenue bonds; negotiated; Jefferies & Co. (lead); Bank of America Merrill Lynch, Barclays Capital Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Ramirez & Co. Inc. and Raymond James & Associates Inc. (co-managers); proceeds to refund existing debt.

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

OHIO: $50 million series 2011A revitalization project bond anticipation notes (MIG 1/SP-1+/F1+); negotiated; Bank of America Merrill Lynch (lead); KeyBanc Capital Markets Inc., RBC Capital Markets LLC, Baird & Co. and Ross, Sinclaire & Associates LLC (co-managers); notes due June 1, 2022; proceeds to foster environmentally sound and productive development, use or reuse of public and private lands within the state.

OKLAHOMA STUDENT LOAN AUTHORITY: $213.5 million series 2011-1 taxable Libor Oklahoma student loan bonds (/AAA/AAA); negotiated; Bank of Ameirca Merrill Lynch; bonds due June 1, 2040; proceeds to acquire eligible student loans from lenders or holders in the authority's network, as well as refund authority's series 2008I-A1 variable-rate bonds.

ORANGE COUNTY (CALIFORNIA): $150 million series 2011-12 tax and revenue anticipation notes (MIG 1/SP-1+/); negotiated; De La Rosa & Co. (lead); notes due March 15, 2012, May 15, 2012 and June 29, 2012; proceeds to finance cash flow requirements during the 2011-12 fiscal year ahead of the collection of taxes and revenues.

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.

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.

RIVERSIDE COUNTY (CALIFORNIA): $250 million series 2010-2011 tax and revenue anticipation notes (MIG 1/SP-1+/); negotiated; De La Rosa & Co. Inc. (lead); Citigroup Global Markets Inc. and Wedbush Securities Inc. (co-managers); 2011A notes due March 30, 2012; 2011B notes due June 29, 2012; proceeds to fund expected capital requirements ahead of the collection of taxes and other revenues.

• $125 million series 2011A notes

• $125 million series 2011B notes

SAN BERNARDINO COUNTY (CALIFORNIA): $165 million series 2011-12 tax and revenue anticipation notes; negotiated; Citigroup Global Markets Inc. and Bank of America Merrill Lynch (lead); notes due June 29, 2012; proceeds to fund general county operating expenses ahead of the collection of certain taxes and revenues.

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.

SUMTER COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY/CENTRAL FLORIDA HEALTH ALLIANCE: $72.025 million series 2011A hospital revenue refunding and improvement bonds (Baa1/BBB+/); negotiated; RBC Capital Markets LLC and PNC Capital Markets LLC (lead); proceeds to fund improvements, additions and expansions to Central Florida Health facilities, including the addition of new inpatient beds and expansion of alliance's emergency department, as well as refund debt.

WESTERN MICHIGAN UNIVERSITY: $68.015 million series 2011 general revenue and refunding bonds (A1/A/); negotiated; Morgan Stanley & Co. Inc. and Stifel, Nicolaus & Co. Inc. (lead); bonds due 2012 to 2026 with term bonds due 2031, 2036 and 2040; proceeds to construct, equip and furnish the College of Education and Human Development, as well as refund the university's series 2001 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.