Municipals Calendar: Renton School in Washington preps for $63.035 million G.O. bond sale

WEEK OF AUGUST 8

AUGUST 10

RENTON SCHOOL DISTRICT NO. 403 (KING COUNTY, WASHINGTON): $63.035 million series 2011 unlimited tax general obligation bonds; competitive; A. Dashen & Associates (financial advisor); serial maturities from 2016 through 2021 and 2023 through 2031; proceeds to finance a portion of the district's capital improvement plan; pricing Aug. 10.

AUGUST 11

NEW MEXICO FINANCE AUTHORITY: $59.135 million series 2011B senior lien public project revolving fund revenue bonds (Aa1/AAA/); competitive; Western Financial Group LLC (financial advisor); 2011B-1 bonds due 2012 to 2036; 2011B-2 bonds due 2012 to 2031; proceeds to provide loans to various governmental units; pricing Aug. 11.

• $44.54 million series 2011B-1

• $14.595 million series 2011B-2

ON THE HORIZON

ALACHUA COUNTY HEALTH FACILITIES AUTHORITY (FLORIDA): $145.27 million of health facilities revenue bonds; negotiated; Ziegler Capital Markets; 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

DEPARTMENT OF WATER AND POWER OF THE CITY OF LOS ANGELES: $311.65 million series 2011A water system revenue bonds (Aa2/AA/AA+); negotiated; Citigroup Inc. (lead); J.P. Morgan Securities LLC; Seibert Brandford Shank & Co., LLC; Loop Capital Markets LLC; RBC Capital Markets Corp. and Wells Fargo Securities LLC (co-managers); proceeds to refund a portion of the outstanding series 2001A revenue bonds and series 2004C revenue bonds.

KANSAS DEVELOPMENT FINANCE AUTHORITY/STORMONT-VAIL HEALTHCARE, INC.: $61.1 million series 2011F health facilities revenue bonds (A2//); negotiated; Piper Jaffray & Co.; proceeds to refund the outstanding series 2001K and series 2008E revenue bonds and to finance health care facilities.

NEW HAMPSHIRE HIGHER EDUCATION LOAN CORP.: $522.635 million series 2011-1 taxable student loan-backed Libor floating-rate notes (/AAA/AAA); negotiated; RBC Capital Markets LLC and UBS Investment Bank (lead); 2011-1-A1 notes due Oct. 25, 2021; 2011-1-A2 notes due Oct. 25, 2025; 2011-1-A3 notes due Oct. 25, 2037; proceeds to finance student loans, as well as redeem existing notes.

• $213 million series 2011-1-A1 notes

• $127 million series 2011-1-A2 notes

• $182.635 million series 2011-1-A3 notes

OHIO WATER DEVELOPMENT AUTHORITY: $71.16 million series 2011A water pollution control loan fund refunding revenue bonds (Aaa/AAA/); negotiated; Goldman, Sachs & Co. (lead); J.P. Morgan Securities LLC, Cabrera Capital Markets, LLC, Fifth Third Securities and Wells Fargo Securities LLC. (co-managers); maturities from 2015 through 2018; proceeds o refund the outstanding series 2004 water quality 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.

PRIVATE COLLEGES AND UNIVERSITIES AUTHORITY/EMORY UNIVERSITY: $218.775 million series 2011A revenue bonds (Aa2/AA/); negotiated; Barclays Capital Inc. and Morgan Stanley & Co. are lead managers (lead); Bank of America Merrill Lynch (co-manager); due in 2016 and 2041; proceeds to refund all of the outstanding Emory University series 2001A revenue bonds, a portion of the series 2002A revenue bonds and all of the outstanding series 2008B revenue bonds.

PUERTO RICO PUBLIC BUILDINGS AUTHORITY: $225 million government facilities series S revenue bonds; negotiated; Ramirez & Co., Inc. and RBC Capital Markets Corp. (lead); Barclays Capital Inc.; BMO Capital Markets Corp.; Bank of America Merrill Lynch; Citigroup Global Markets Inc.; Goldman, Sachs & Co.; Jefferies & Co.; J.P. Morgan Securities LLC; Morgan Stanley & Co.; Raymond James & Associates Inc.; UBS Financial Services Inc. of Puerto Rico and Wells Fargo Securities LLC.

guaranteed by the Commonwealth of Puerto Rico (co-managers); guaranteed by the Commonwealth of Puerto Rico; proceeds to repay the Government Development Bank's lines of credit.

TOWN OF HAMDEN (CONNECTICUT): $56.385 million in general obligation bonds (A2/A/A); negotiated; Morgan Keegan & Co.; proceed to pay for capital improvements and refund outstanding general obligation bonds.

• $34 million series 2011A G.O.'s due 2012-2031

• $22.385 million series 2011B G.O. refunding bonds due 2012-2020

SOUTH COAST LOCAL EDUCATION AGENCIES/ORANGE COUNTY DEPARTMENT OF EDUCATION/ANAHEIM CITY SCHOOL DISTRICT/CAPISTRANO UNIFIED SCHOOL DISTRICT: $102.35 million pooled tax and revenue anticipation notes; negotiated; Piper Jaffray & Co.; proceeds for operating cash.

• $13 million in series 2011A notes due June 29, 2012

• $74.99 million in series 2011B notes due May 15, 2012

• $14.36 million in series 2011C anticipation notes due Aug. 31, 2012

STATE OF MINNESOTA: $60.36 million series 2011 911 revenue bonds; negotiated; Jefferies & Co. (lead); Barclays Capital Inc.; Wells Fargo Securities LLC; Siebert Brandford Shank & Co., LLC and Cronin & Co., Inc. (co-managers; serial maturities from 2012 through 2026; proceeds to finance a statewide radio system plan for emergency response organizations.

© 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.