Municipals Calendar: New York Liberty Development preps offering

Week of March 19

CLEAR CREEK INDEPENDENT SCHOOL DISTRICT (TEXAS): $82.9 million series 2012B unlimited tax refunding bonds (//AA+); negotiated; Wells Fargo Securities LLC (lead); proceeds to refund a portion of the district's outstanding unlimited tax debt for interest savings; pricing week of March 19.

DURHAM CAPITAL FINANCING CORP. (NORTH CAROLINA): $60.32 million series 2012 limited obligation bonds (Aa1/AA+/); negotiated; SunTrust Robinson Humphrey and Rice Financial Products Co. (lead); bonds due 2013 to 2032; proceeds to upgrade the county's financial system software, acquire replacement personal computers, servers and other IT equipment, and replace various county vehicles; pricing week of March 19.

GEORGE WASHINGTON UNIVERSITY (DISTRICT OF COLUMBIA): $300 million series 2012 taxable bonds (A1/A+/); negotiated; Barclays Capital Inc. (lead); J.P. Morgan Securities LLC and Loop Capital Markets LLC (co-managers); bonds due Sept. 1, 2022; proceeds to finance general corporate purposes for the university; pricing week of March 19.

HARTFORD (CONNECTICUT): $102.12 million series 2012 general obligation bonds; negotiated; Piper Jaffray & Co. (lead); CastleOak Securities LP, RBC Capital Markets LLC and William Blair & Co. (co-managers); proceeds to finance public improvement projects and fund various school projects, as well as to refund existing G.O. debt; pricing week of March 19.

• $50 million series 2012A G.O. bonds due 2013 to 2032

• $52.12 million series 2012B G.O. refunding bonds due 2012 to 2023

HEALTH AND EDUCATIONAL FACILITIES BOARD OF THE METROPOLITAN GOVERNMENT OF NASHVILLE AND DAVIDSON COUNTY (TENNESSEE)/VANDERBILT UNIVERSITY: $134 million series 2012 revenue refunding bonds (Aa2/AA/AA+); negotiated; Wells Fargo Securities LLC (lead for 2012A); J.P. Morgan Securities LLC (lead for 2012B); bonds due Oct. 1, 2038, and bear interest at Sifma index rate; proceeds to refund university's series 2000B, 2002A, 2003A and 2005A-2 revenue bonds; pricing week of March 19.

• $67 million series 2012A bonds with tender date of Oct. 1, 2015

• $67 million series 2012B bonds with tender date of Oct. 1, 2017

JACKSONVILLE (FLORIDA): $355.18 million series 2012 Better Jacksonville sales tax refunding revenue bonds (A1/A+/A+); negotiated; Goldman, Sachs & Co. (lead); CastleOak Securities LP, Loop Capital Markets LLC, Morgan Stanley & Co. LLC and Wells Fargo Securities LLC (co-managers); bonds due 2014 to 2030; proceeds to make improvements to the city's transportation system, parks, infrastructure, roads and other capital projects; pricing week of March 19.

JACKSONVILLE (FLORIDA): $203.34 million series 2012 transportation refunding revenue bonds (A1/AA-/AA-); negotiated; Goldman, Sachs & Co. (lead); CastleOak Securities LP, Loop Capital Markets LLC, Morgan Stanley & Co. LLC and Wells Fargo Securities LLC (co-managers); proceeds to refund city's series 2001 bonds and series 1997 state bonds; pricing week of March 19.

• $146,945,000 series 2012A bonds due 2023 to 2031

• $55,395,000 series 2012B bonds due 2013 to 2023

LUBBOCK (TEXAS): $95.83 million series 2012 general obligation bonds and certificates of obligation (Aa2/AA+/AA+); negotiated; Citigroup Global Markets Inc. (lead); are Barclays Capital Inc., Hutchinson Shockey Erley & Co. Inc. and Morgan Keegan & Co. Inc. (co-managers); proceeds to finance firefighting facilities and equipment; street improvements, including drainage, curbs, gutters, landscaping, sidewalks, curb ramps, utility line relocation and traffic signalization; improvements and renovations to city hall; the construction of a new land application office; improve and renovate the city's solid waste disposal system; improve and renovate the city's municipal drainage system; improve, renovate, replace and relocate the city's waterworks system; refund existing debt; and make other improvements within the city; pricing week of March 19.

• $11,845,000 series 2012 G.O. bonds due 2013 to 2032

• $15,845,000 series 2012 G.O. refunding bonds due 2013 to 2031

• $68.14 million series 2012 tax and waterworks system revenue certificates of obligation due 2013 to 2032

MASSACHUSETTS WATER RESOURCES AUTHORITY: $239,285,000 series 2012 general revenue bonds; negotiated; Barclays Capital Inc. (lead); are Bank of America Merrill Lynch; Citigroup Global Markets Inc.; J.P. Morgan Securities LLC; Jefferies & Co.; Fidelity Capital Markets Inc.; Janney Montgomery Scott LLC; Morgan Stanley & Co. LLC; Ramirez & Co. Inc.; and Wells Fargo Securities LLC (co-managers); proceeds to finance clean water initiatives and refund the authority's series 2003D, 2004A and 2007A general revenue bonds and its series 2004A-B general revenue refunding bonds; pricing week of March 19.

• $150 million series 2012A general revenue bonds due 2013 to 2032 with term bonds due in 2037 and 2042

• $89,285,000 series 2012B general revenue refunding bonds due 2022 and 2026 to 2029

NASH HEALTH CARE SYSTEM (NORTH CAROLINA): $70 million series 2012 health care facilities revenue bonds (/A/); negotiated; Bank of America Merrill Lynch and BB&T Capital Markets LLC (lead); bonds due 2013 to 2021 with term bonds due in 2026, 2031 and 2041; proceeds to relocate, construct, equip and furnish the emergency department and heart center at Nash General Hospital; expand the existing central energy plant to accommodate the new emergency department and heart center; and renovate other facilities operated by Nash Health Care; pricing week of March 19.

NEW YORK LIBERTY DEVELOPMENT CORP.: $452.79 million series 2012 liberty revenue refunding bonds for 7 World Trade Center; negotiated; J.P. Morgan Securities LLC and Bank of America Merrill Lynch (lead); M.R. Beal & Co. Inc., Ramirez & Co. Inc. and Siebert Brandford Shank & Co. LLC (co-managers); bonds due 2028 to 2040 with term bonds due in 2043 and 2044; proceeds to refund the corporation's bonds used to construct certain floors at 7 World Trade Center; pricing week of March 19.

NORFOLK (VIRGINIA): $187.26 million series 2012 general obligation capital improvement and refunding bonds (Aa2//AA+); negotiated; Morgan Stanley & Co. LLC (lead); proceeds will be used to partially fund the construction of a courthouse facility, fund storm water and wastewater capital projects, refund debt for a debt service savings and fund a portion of the construction costs for a new elementary school; pricing week of March 19.

• $113.8 million series 2012A general obligation capital improvement bonds

• $43.9 million series 2012B G.O. capital improvement refunding bonds

• $7.4 million series 2012C AMT G.O. refunding bonds

• $22.16 million series 2012D taxable G.O. qualified school construction bonds

ORANGE COUNTY SCHOOL BOARD (FLORIDA): $79,295,000 series 2012B certificates of participation (Aa3//AA); negotiated; J.P. Morgan Securities LLC (lead); Citigroup Global Markets Inc.; Loop Capital Markets LLC; Bank of America Merrill Lynch; Jefferies & Co.; Morgan Keegan & Co. Inc.; and Wells Fargo Securities LLC (co-managers); COPs due 2013 to 2014 and 2024 to 2027; proceeds to refund the school board's series 2002A COPs; pricing week of March 19.

OREGON: $337,955,000 series 2012 general obligation bonds (Aa1/AA+/AA+); negotiated; Citigroup Global Markets Inc. and Bank of America Merrill Lynch (lead); Fidelity Capital Markets LLC, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, Seattle-Northwest Securities Corp. and Siebert Brandford Shank & Co. LLC (co-managers); proceeds to prepay state's series 2002B, 2002C, 2002E, 2003A, 2004B, 2005A-B and 2006A certificates of participation; pricing week of March 19.

• $48.22 million series 2012H various purpose bonds due 2013 to 2032 with term bond due in 2036

• $53,165,000 series 2012I tax-exempt Oregon Department Transportation bonds due 2015 to 2023 with term bond due in 2037

• $12,575,000 series 2012J taxable Oregon Department of Transportation bonds due 2013 to 2014

• $57.19 million series 2012K tax-exempt refunding bonds due 2012 to 2030

• $159.06 million series 2012L tax-exempt refunding bonds due 2012 to 2030

• $7,745,000 series 2012M taxable refunding bonds due 2012 to 2014

PEARLAND INDEPENDENT SCHOOL DISTRICT (TEXAS): $77.44 million series 2012 unlimited tax general obligation refunding bonds (//AAA); negotiated; Samco Capital Markets Inc. (lead); proceeds to refund a portion of the district's currently outstanding obligations; pricing week of March 19.

SAN ANTONIO (TEXAS): $521 million series 2012 taxable electric and gas systems revenue bonds (Aa1/AA/AA+); negotiated; J.P. Morgan Securities LLC (lead); Morgan Stanley & Co. LLC; Goldman, Sachs & Co.; Cabrera Capital Markets LLC; M.E. Allison & Co. Inc.; Coastal Securities Inc.; Samco Capital Markets Inc.; Fidelity Capital Markets LLC; Southwestern Capital Markets Inc.; First Southwest Co.; and Wells Fargo Securities LLC (co-managers); proceeds to finance expansion of the city's gas and electric systems, including the purchase of a natural gas plant; pricing week of March 19.

March 22

CALIFORNIA PUBLIC WORKS BOARD: $918.6 million series 2012A capital projects lease revenue bonds (A2/BBB+/BBB+); negotiated; Goldman, Sachs & Co. (lead); proceeds to finance capital projects throughout the state; pricing March 22.

CERRITOS COMMUNITY COLLEGE DISTRICT (CALIFORNIA): $82,825,000 series 2012 election of 2004 general obligation bonds; negotiated; RBC Capital Markets LLC (lead); proceeds to finance capital improvements to colleges within the district; pricing March 22.

KENTUCKY INFRASTRUCTURE AUTHORITY: $103,445,000 series 2012A wastewater and drinking water revolving fund revenue bonds (Aaa/AAA/AAA); negotiated; Morgan Stanley & Co. LLC (lead); J.B. Hilliard, W.L. Lyons LLC; PNC Capital Markets LLC; Morgan Keegan & Co. Inc.; Stifel, Nicolaus & Co. Inc.; Edward D. Jones & Co. LP; First Kentucky Securities Inc.; Sterne, Agee & Leach Inc.; and Ross, Sinclaire & Associates LLC (co-managers); bonds due 2013 to 2032; proceeds to finance loans to political subdivisions for wastewater and drinking water projects; pricing March 22.

Week of March 26

March 27

TEMPLE UNIVERSITY (PENNSYLVANIA): $120 million series 2012 university funding obligations (MIG 1); competitive; Public Financial Management Inc. (financial adviser); bonds due Dec. 12, 2012; proceeds to finance various capital projects and equipment purchases, as well as to refund the university's series 2011 notes; pricing March 27.

March 28

CALIFORNIA INFRASTRUCTURE AND ECONOMIC DEVELOPMENT AUTHORITY/J. PAUL GETTY TRUST: $108.94 million series 2012B variable-rate refunding revenue bonds (Aaa/AAA/); negotiated; J.P. Morgan Securities LLC (lead); bonds due Oct. 1, 2047; bonds bear interest at Sifma rate mode; proceeds to refund trust's series 2007A-1, 2007A-2 and 2007A-3 revenue bonds; pricing March 28.

On the Horizon

BELLEVUE (WASHINGTON): $98.5 million series 2012 limited tax general obligation refunding bonds; negotiated; Citigroup Global Markets Inc. and D.A. Davidson & Co. (lead); bonds due 2013 to 2043; proceeds to refund city's series 2004 G.O. bonds.

BEVERLY HILLS PUBLIC FINANCING AUTHORITY (CALIFORNIA): $57,555,000 series 2012A lease revenue refunding bonds; negotiated; De La Rosa & Co. Inc. (lead); proceeds to refund authority's series 2007 bonds, which were issued to finance capital improvements and replace city vehicles.

CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY/KAISER PERMANENTE: $1.5 billion series 2012A revenue bonds (/A+/A+); negotiated; Citigroup Global Markets Inc.; Goldman, Sachs & Co.; and J.P. Morgan Securities LLC (lead); proceeds to finance the construction, acquisition, equipment and furnishing of hospitals, health facilities and offices operated by Kaiser.

CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY/KAISER PERMANENTE: revenue bonds; negotiated; Citigroup Global Markets Inc.; Goldman, Sachs & Co.; and J.P. Morgan Securities LLC (lead); proceeds to construct, equip, acquire and furnish hospitals, health facilities and offices operated by Kaiser.

DORMITORY AUTHORITY OF THE STATE OF NEW YORK/FORDHAM UNIVERSITY: up to $50 million fixed-rate tax-exempt bonds; negotiated; Bank of America Merrill Lynch (lead); maturity not to exceed 22 years; proceeds to refund university's series 1998 revenue bonds and 2002 revenue bonds.

DORMITORY AUTHORITY OF THE STATE OF NEW YORK/MANHATTAN COLLEGE: $55 million (maximum); negotiated; proceeds to construct a student commons building and refund the college's series 2000 insured revenue bonds.

DORMITORY AUTHORITY OF THE STATE OF NEW YORK/NEW YORK UNIVERSITY: up to $73,025,000 of fixed- and/or variable-rate taxable bonds; maturity not to exceed 40 years; proceeds to pay all or a part of a line of credit used to construct the NYU Global Center for Academic and Spiritual Life.

DORMITORY AUTHORITY OF THE STATE OF NEW YORK/NORTH SHORE-LONG ISLAND JEWISH HEALTH SYSTEM: up to $79 million of series 2012 tax-exempt bonds; negotiated; Citigroup Global Markets Inc. (lead); proceeds to refund a portion of the health system's series 1998 bonds.

DORMITORY AUTHORITY OF THE STATE OF NEW YORK/TEACHERS COLLEGE: up to $75 million of fixed- and/or variable-rate series 2012 bonds; negotiated; maturity not to exceed 30 years; proceeds to refund authority's MBIA-insured series 2002 bonds, as well as to renovate the college's Bancroft Hall, an eight-story, 108-unit residence hall.

GALLIA COUNTY (OHIO)/HOLZER HEALTH SYSTEM OBLIGATED GROUP: $118.3 million series 2012A hospital facilities revenue refunding and improvement bonds; negotiated; RBC Capital Markets LLC (underwriter); proceeds to construct, acquire, equip and renovate new and existing Holzer Health facilities, as well as to refund its series 1998 and 2005 revenue bonds and repay several promissory notes and commercial loans.

HARTFORD (CONNECTICUT): $52.5 million series 2012 general obligation bond anticipation notes; negotiated; Piper Jaffray & Co. (lead); CastleOak Securities LP, RBC Capital Markets LLC and William Blair & Co. (co-managers); notes due April 11, 2013; proceeds to fund various public improvement projects and various school projects.

KAISER PERMANENTE (CALIFORNIA): taxable bonds; negotiated; Citigroup Global Markets Inc.; Goldman, Sachs & Co.; and J.P. Morgan Securities LLC (lead); proceeds for general corporate purposes for the health system.

MEDICAL CENTER EDUCATIONAL BUILDING CORP./UNIVERSITY OF MISSISSIPPI MEDICAL CENTER FACILITIES EXPANSION AND RENOVATION PROJECT: $103.14 million series 2012 revenue bonds (Aa2/AA-/); negotiated; Morgan Stanley & Co. LLC (lead); RBC Capital Markets LLC, Loop Capital Markets LLC and Ziegler Capital Markets LLC; proceeds to expand, renovate, equip and furnish new and existing medical, educational and research facilities at the medical center.

MINNESOTA HOUSING FINANCE AGENCY: $150.75 million series 2012 residential housing finance bonds; negotiated; RBC Capital Markets LLC (lead); Morgan Stanley & Co. LLC, Piper Jaffray & Co. and Morgan Keegan & Co. Inc. (co-managers); proceeds to finance mortgage loans.

• $50,945,000 series 2012A AMT bonds due 2013 to 2023

• $8.83 million series 2012B non-AMT bonds due July 1, 2024

• $30,975,000 series 2012C non-AMT bonds due July 1, 2027 and Jan. 1, 2029

• $60 million series 2012D non-AMT bonds due Jan. 1, 2031 and July 1, 2041

MONROE COUNTY (NEW YORK): $57,005,000 series 2012 general obligation refunding bonds; negotiated; Sterne, Agee & Leach Inc. (sole); bonds due 2013 to 2023; proceeds to advance refund county's series 2002 and 2003 public improvement bonds.

NORTHWESTERN UNIVERISTY (ILLINOIS): $150 million series 2012 taxable fixed-rate bonds (Aaa/AAA/AAA); negotiated; Bank of America Merrill Lynch (lead); Barclays Capital Inc. and Loop Capital Markets LLC (co-managers); bonds due Dec. 1, 2047; proceeds to finance capital projects at the university's Evanston and Chicago campuses.

OLYMPIA SCHOOL DISTRICT NO. 111 (WASHINGTON): $59,865,000 series 2012 unlimited tax general obligation refunding bonds (Aa2/A+/); competitive; D.A. Davidson & Co. (financial adviser); bonds due 2012 to 2023; proceeds to advance refund district's series 2003 and 2005A G.O. bonds.

ORANGE COUNTY (NORTH CAROLINA)/ORANGE COUNTY PUBLIC FACILITIES CO.: $64.35 million series 2012 limited obligation bonds (Aa2/AA/AA+); negotiated; BB&T Capital Markets and Wells Fargo Securities LLC (lead); bonds due 2012 to 2027 with term bond due Oct. 1, 2033; proceeds to prepay financing agreements between the county and Bank of America, NA and Branch Banking and Trust Co.

PERALTA COMMUNITY COLLEGE DISTRICT (CALIFORNIA): $71 million series 2012 general obligation refunding bonds (Aa3/AA-/); negotiated; Barclays Capital Inc. (lead); proceeds to refund district's series 2000B-D G.O. bonds and its series 2000 G.O. refunding bonds.

RALEIGH (NORTH CAROLINA): $119,185,000 series 2012 combined enterprise system revenue refunding bonds (Aa1/AAA/); negotiated; Citigroup Global Markets Inc. (lead); Baird & Co. Inc. and Stephens Inc. (co-managers for 2012A); Wells Fargo Securities LLC (co-manager for 2012B); proceeds to refund city's series 2004 and 2006A combined enterprise system revenue bonds.

• $59,185,000 series 2012A bonds due 2024 to 2031

• $60 million series 2012B bonds due 2013 to 2035

SACRAMENTO UNIFIED SCHOOL DISTRICT (CALIFORNIA): $75 million series 2011-12 tax and revenue anticipation notes (/SP-1+/); negotiated; De La Rosa & Co. Inc. (lead); notes due Oct. 1, 2012; proceeds to finance capital requirements ahead of the collection of taxes and revenues.

TUFTS UNIVERSITY (MASSACHUSETTS): $250 million series 2012A taxable bonds; negotiated; Barclays Capital Inc. and J.P. Morgan Securities LLC; bonds due April 15, 2112; proceeds for general corporate needs of the university.

VILLAGE OF ROSEMONT (ILLINOIS): $60 million series 2012A taxable general obligation corporate purpose bonds (Aa3/A/); negotiated; Mesirow Financial Inc. (lead); proceeds to construct roadways, install lighting, and improve public ways for the village's entertainment district.

© 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.