E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 6/4/2012 in the Prospect News Municipals Daily.

Municipal Calendar: Metropolitan Washington Airports sale ahead

Week of June 4

CARROLLTON-FARMERS BRANCH INDEPENDENT SCHOOL DISTRICT (TEXAS): $54.71 million series 2012 unlimited tax school building and refunding bonds (Aa1/AA/); negotiated; Raymond James/Morgan Keegan and Wells Fargo Securities LLC (lead); RBC Capital Markets LLC and Bank of America Merrill Lynch (co-managers); bonds due 2013 to 2032; proceeds to construct, equip, acquire and renovate school buildings within the district, as well as to refund its series 2003 and 2004 unlimited tax school building bonds; pricing week of June 4.

CATHOLIC HEALTH EAST: $145.74 million series 2012A composite issue health system revenue bonds (/A/A+); negotiated; Bank of America Merrill Lynch and J.P. Morgan Securities LLC (lead); proceeds to refund existing revenue bonds issued for Catholic Health East properties; pricing week of June 4.

• $27.94 million Tampa, Fla., bonds

• $16,545,000 North Carolina Medical Care Commission bonds

• $101,255,000 Saint Mary Hospital Authority, Pa., bonds

CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY/STAMFORD HOSPITAL: $250 million series J hospital revenue bonds (/A-/A); negotiated; Goldman, Sachs & Co. (lead); Bank of America Merrill Lynch and J.P. Morgan Securities LLC (co-managers); bonds due 2017 to 2022; proceeds to acquire, construct and equip a diagnostic and treatment building for the hospital and modernize the emergency department, as well as make other capital improvements to the hospital's facilities; pricing week of June 4.

EDMONDS HIGH SCHOOL DISTRICT (WASHINGTON): $92,885,000 series 2012 unlimited tax general obligation refunding bonds (Aa1); negotiated; Seattle-Northwest Securities Inc. (lead); proceeds to refund the district's series 2006 general obligation bonds; pricing week of June 4.

FORT BEND COUNTY (TEXAS): $119.15 million series 2012 unlimited tax and subordinate lien toll road revenue refunding bonds (Aa1//AA+); negotiated; Loop Capital Markets LLC and Raymond James/Morgan Keegan (co-managers); bonds due 2014 to 2032; proceeds to refund the county's series 2003 and 2004 unlimited tax toll road revenue bonds; pricing week of June 4.

KENT STATE UNIVERSITY (OHIO): $170 million series 2012A limited tax general obligation bonds (Aa3/A+/); negotiated; Bank of America Merrill Lynch (lead); proceeds to finance capital improvements to the university; pricing week of June 4.

LANCASTER COUNTY HOSPITAL AUTHORITY/LANCASTER GENERAL HOSPITAL (PENNSYLVANIA): $90.14 million series 2012B 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); bonds due 2013 to 2032 with term bonds due 2037 and 2042; proceeds to construct a two-story, 70,000 square foot cancer treatment and to remodel a radiation oncology suite, as well as to refund the hospital's series 2008 revenue bonds; pricing week of June 4.

LOS ANGELES COUNTY (CALIFORNIA): $1.1 billion series 2012-13 tax and revenue anticipation notes; negotiated; Wells Fargo Securities LLC (lead); Barclays Capital Inc., Morgan Stanley & Co. LLC, Jefferies & Co., Oppenheimer & Co. Inc. and Seattle-Northwest Securities Inc. (co-managers); notes due Feb. 28, 2013, March 29, 2013 and June 28, 2013; proceeds to help the county meet general capital requirements for the fiscal year 2012-13 ahead of the collection of taxes and revenues; pricing week of June 4.

MANCHESTER (NEW HAMPSHIRE): $86,385,000 series 2012 general airport revenue bonds; negotiated; Raymond James/Morgan Keegan and Bank of America Merrill Lynch (lead); proceeds to refund existing airport revenue bonds; pricing week of June 4.

• $60.1 million series 2012A non-AMT refunding bonds

• $26,285,000 series 2012B AMT refunding bonds

MARYLAND HEALTH AND HIGHER EDUCATIONAL FACILITIES AUTHORITY/JOHNS HOPKINS UNIVERSITY: $152,485,000 series 2012A revenue bonds (Aa2/AA/AA+); negotiated; Goldman, Sachs & Co. and J.P. Morgan Securities LLC (lead); Ramirez & Co. Inc. (co-manager); bonds due 2023 to 2032 with term bonds due in 2037 and 2041; proceeds to refund existing debt; pricing week of June 4.

MASSACHUSETTS BAY TRANSPORTATION AUTHORITY: $415,595,000 series 2012A assessment bonds (Aa1/AAA/); negotiated; Ramirez & Co. Inc. and Barclays Capital Inc. (lead); Corby Capital Inc., Loop Capital Markets LLC and Siebert Brandford Shank & Co. LLC (co-managers); proceeds to refund debt; pricing week of June 4.

METROPOLITAN PIER AND EXPOSITION AUTHORITY (ILLINOIS): $844,520,538.70 series 2012 McCormick Place Expansion Project bonds (/AAA/AA-); negotiated; Morgan Stanley & Co. LLC and Jefferies & Co. (bookrunners); Loop Capital Markets LLC and Ramirez & Co. (co-senior managers); Barclays Capital Inc., Cabrera Capital Markets LLC, Citigroup Global Markets Inc., Goldman, Sachs & Co., Siebert Brandford Shank & Co. LLC and William Blair & Co. (co-managers); proceeds to renovate, replace and expand the various capital projects, including upgrades to the utility system, for McCormick Place in Chicago, the largest convention center in the United States; pricing week of June 4.

• $98.14 million series 2012A bonds

• $734,340,538.70 series 2012B bonds

• $12.04 million series 2012C refunding bonds

MICHIGAN FINANCE AUTHORITY: $2,968,595,000 series 2012 unemployment obligation assessment revenue bonds; negotiated; Citigroup Global Markets Inc. (lead for 2012A-B bonds, sole for 2012C); Bank of America Merrill Lynch (co-lead for 2012A-B); Barclays Capital Inc., J.P. Morgan Securities LLC, Loop Capital Markets LLC, Wells Fargo Securities LLC, BMO Capital Markets LLC, Goldman, Sachs & Co., Morgan Stanley & Co. LLC, Siebert Brandford Shank & Co. LLC, Fifth Third Securities Inc., The Huntington Investment Co., PNC Capital Markets LLC and Ramirez & Co. (co-managers for 2012A-B); proceeds to refund existing debt and make a deposit into the authority's liquidity reserve fund; pricing week of June 4.

• $1,469,645,000 series 2012A revenue bonds due 2013 to 2019

• $1,248,950,000 series 2012B revenue bonds due 2020 to 2024

• $250 million series 2012C variable-rate demand bonds due July 1, 2024

NORTH CENTRAL TEXAS HEALTH FACILITIES DEVELOPMENT CORP./CHILDREN'S HOSPITAL OF DALLAS: $161.7 million series 2012 hospital revenue bonds (Aa3//AA); negotiated; Goldman, Sachs & Co. and J.P. Morgan Securities LLC (lead); Estrada Hinojosa & Co. and Siebert Brandford Shank & Co. LLC (co-managers); proceeds to current refund the corporation's series 2002 revenue bonds issued for the Children's Hospital of Dallas; pricing week of June 4.

RHODE ISLAND HOUSING AND MORTGAGE FINANCE CORP.: $85,615,000 series 62 homeownership opportunity bonds; negotiated; Bank of America Merrill Lynch and Morgan Stanley & Co. LLC (lead); Janney Montgomery Scott LLC, J.P. Morgan Securities LLC, M.R. Beal & Co. Inc., Oppenheimer & Co. Inc., RBC Capital Markets LLC and Roosevelt & Cross Inc. (co-managers); proceeds to make mortgage loans; pricing week of June 4.

• $10.26 million series 62-A non-AMT bonds due Oct. 1, 2030

• $15 million series 62-B non-AMT bonds due Oct. 1, 2033, Oct. 1, 2038, Oct. 1, 2042

• $60,355,000 series 62-C AMT bonds due 2012 to 2024 with term bond due April 1, 2028

WISCONSIN HEALTH AND EDUCATIONAL FACILITIES AUTHORITY/MARSHFIELD CLINIC: $104 million series 2012B revenue bonds (/A-/); negotiated; Ziegler Capital Markets Group (lead); Morgan Stanley & Co. LLC and Wells Fargo Securities LLC (co-managers); proceeds to finance the costs of constructing, acquiring, equipping and installing certain health care facilities operated by the clinic; pricing week of June 4.

June 5

ANNE ARUNDEL COUNTY (MARYLAND): $194,595,000 series 2012 general obligation bonds; competitive; Public Resources Advisory Group LLC (financial adviser); proceeds to retire the county's series A bond anticipation notes and fund general improvements, including general county, storm drains, education, roads and bridges, community college, recreation and parks, waterway improvements and solid waste projects; pricing June 5.

• $114.32 million series 2012 consolidated general improvement bonds due 2013 to 2032

• $27.69 million series 2012 consolidated water and sewer bonds due 2013 to 2042

• $37,005,000 series 2012 general improvement refunding bonds due 2013 to 2025

• $15.58 million series 2012 water and sewer refunding bonds due 2013 to 2032

ARLINGTON COUNTY (VIRGINIA): $110 million series 2012 general obligation public improvement bonds; competitive; Public Financial Management Inc. (financial adviser); bonds due 2013 to 2032; proceeds to finance capital improvement projects within the county; pricing June 5.

BRIDGEPORT (CONNECTICUT): $121.18 million series 2012 general obligation bonds (A1); negotiated; Raymond James/Morgan Keegan (lead); Siebert Brandford Shank & Co. LLC and William Blair & Co. (co-managers); proceeds to finance education, economic development, public facilities, public safety and other capital projects; pricing June 5.

• $66.31 million series 2012A bonds due 2014 to 2032

• $54.87 million series 2012B refunding bonds due 2013 to 2021

CLARK COUNTY (NEVADA)/LAS VEGAS-MCCARRAN INTERNATIONAL AIRPORT: $65 million series 2012B passenger facility charge refunding revenue bonds (A1/A+/); negotiated; Citigroup Global Markets Inc. (lead); Bank of America Merrill Lynch, RBC Capital Markets LLC and Siebert Brandford Shank & Co. LLC (co-managers); proceeds to refund the airport's series 1998 passenger facility charge revenue bonds; pricing June 5.

FORT BEND INDEPENDENT SCHOOL DISTRICT (TEXAS): $161.31 million series 2012 unlimited tax refunding bonds (/AAA/AAA); negotiated BOSC Inc. (lead); Jefferies & Co., Raymond James/Morgan Keegan and Wells Fargo Securities LLC (co-managers); bonds due 2012 and 2015 to 2030; proceeds to refund the district's series 2004, 2004A and 2008 unlimited tax school building bonds; pricing June 5.

METROPOLITAN WASHINGTON AIRPORTS AUTHORITY (DISTRICT OF COLUMBIA): $306.85 million series 2012 airport system revenue refunding bonds (Aa3//AA-); negotiated; Barclays Capital Inc. and Loop Capital Markets LLC (lead); Bank of America Merrill Lynch, Citigroup Global Markets Inc., Davenport & Co. Inc., Raymond James/Morgan Keegan, Siebert Brandford Shank & Co. LLC, U.S. Bancorp Investments Inc. and Wells Fargo Securities LLC (co-managers); proceeds to refund the authority's series 2001A, 2002A and 2002D revenue bonds; pricing June 5.

MICHIGAN FINANCE AUTHORITY/MCLAREN HEALTH CARE CORP.: $108,345,000 series 2012A hospital revenue refunding bonds (Aa3//AA-); negotiated; Citigroup Global Markets Inc. and J.P. Morgan Securities LLC (lead); bonds due 2013 to 2028; proceeds to refund the authority's series 1998A McLaren Health Care Corp. revenue refunding bonds and series 2003 and 2006 Petoskey Hospital Finance Authority limited obligation revenue and refunding bonds; pricing June 5.

OREGON DEPARTMENT OF TRANSPORTATION: $203,925,000 series 2012 highway user tax revenue bonds (Aa1/AAA/AA+); negotiated; Morgan Stanley & Co. LLC and Citigroup Global Markets Inc. (lead); RBC Capital Markets LLC, Bank of America Merrill Lynch, Fidelity Capital Markets Inc., Goldman, Sachs & Co. and J.P. Morgan Securities LLC (co-managers); proceeds to refund department's series 2004A-B, 2005A-B and 2006A highway user tax revenue bonds; pricing June 5.

• $133.15 million series 2012A tax-exempt senior lien refunding bonds due 2012 and 2020 to 2029

• $70,775,000 series 2012B taxable senior lien refunding bonds due 2012 to 2020

SPRINGFIELD PUBLIC UTILITIES BOARD (MISSOURI): $71,165,000 series 2012 lease/purchase agreement bonds (/AA/AA); competitive; Public Financial Management Inc. (financial adviser); bonds due 2012 to 2021; proceeds to repay existing leases, under which city utilities lease certain equipment and improvements for city utilities' water, electric, natural gas, transportation and telecommunications departments and certain other minor services; pricing June 5.

June 6

BALTIMORE COUNTY (MARYLAND): $82.68 million series 2012 equipment acquisition program certificates of participation; competitive; Public Resources Advisory Group (financial adviser); certificates due 2013 to 2022; proceeds to finance the purchase of heavy equipment and machinery for use by the county's public works, recreation and parks departments; pricing June 6.

FULTON COUNTY (GEORGIA): $120 million series 2012 general fund tax anticipation notes; competitive; Public Financial Management Inc. (financial adviser); notes due Dec. 28, 2012; proceeds to finance expenses for the county prior to the collection of certain taxes; pricing June 6.

NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY: $1 billion series 2012F future tax secured bonds negotiated; Goldman, Sachs & Co. (lead); Barclays Capital Inc., J.P. Morgan Securities LLC, Cabrera Capital Markets Inc., Jefferies & Co., Ramirez & Co. Inc., Siebert Brandford Shank & Co. LLC, Oppenheimer & Co. Inc., Southwest Securities Inc., Bank of America Merrill Lynch, Fidelity Capital Markets, Loop Capital Markets LLC, Rice Financial Products Co., Raymond James/Morgan Keegan, Citigroup Global Markets Inc., Morgan Stanley & Co. LLC, Jackson Securities Inc., M.R. Beal & Co., Roosevelt & Cross Inc., Wells Fargo Bank N.A., RBC Capital Markets LLC and Stifel, Nicolaus & Co. (co-managers); proceeds to finance capital improvements to city facilities, school buildings and other city infrastructure; pricing June 6.

• $800 million series 2012F-1 tax-exempt subordinate bonds

• $100 million series 2012F-2 taxable subordinate qualified school construction bonds

• $100 million series 2012F-3 taxable subordinate bonds

SANTA CRUZ COUNTY (CALIFORNIA): $50 million series 2012-13 tax and revenue anticipation notes (MIG 1/SP-1+/); negotiated; Citigroup Global Markets Inc. (lead); notes due in 2013; proceeds to finance county expenses ahead of the collection of taxes and revenues; pricing June 6.

SEATTLE (WASHINGTON): $226.3 million series 2012 drainage and wastewater improvement and refunding bonds; competitive; Seattle-Northwest Securities Inc. (financial adviser); bonds due 2012 to 2042; proceeds to finance various drainage and wastewater projects and, depending upon market conditions, refund outstanding drainage and wastewater obligations; pricing June 6.

SUFFOLK COUNTY (NEW YORK): $60.09 million series 2012A public improvement bonds (A1/A+/A+); competitive; Capital Markets Advisors LLC (financial adviser); bonds due 2013 to 2026; proceeds to finance street, water system, sidewalks and park facilities improvements; pricing June 6

June 7

KENTUCKY HOUSING CORP.: $187,945,000 series 2012A taxable housing revenue bonds; negotiated; Citigroup Global Markets Inc. and Bank of America Merrill Lynch (lead); J.J.B. Hilliard, W.L. Lyons LLC; PNC Capital Markets LLC; Raymond James/Morgan Keegan; Stifel, Nicolaus & Co. Inc.; Edward D. Jones & Co. LP; First Kentucky Securities Corp.; Sterne, Agee & Leach Inc.; and Ross, Sinclaire & Associates Inc. (co-managers); bonds due 2013 to 2022 with term bonds due in 2028 and 2033 proceeds to finance mortgage loans; pricing June 7.

PALM BEACH COUNTY (FLORIDA): $145.37 million series 2012 public improvement revenue refunding bonds; negotiated; Goldman, Sachs & Co. and Loop Capital Markets LLC (lead); bonds due 2015 to 2025; proceeds to refund the county's series 2004, 2004A and 2005A public improvement revenue bonds; pricing June 7.

PUERTO RICO PUBLIC BUILDINGS AUTHORITY: $500 million series U government facilities revenue refunding bonds; negotiated; Goldman, Sachs & Co. (lead); BMO Capital Markets Inc., RBC Capital Markets LLC, J.P. Morgan Securities LLC, Barclays Capital Inc., Jefferies & Co., Bank of America Merrill Lynch, Citigroup Global Markets Inc., Morgan Stanley & Co. LLC, Ramirez & Co. Inc., UBS FS Securities, Wells Fargo Securities LLC, Raymond James/Morgan Keegan, BBVAPR MSD, FirstBank Securities, Oriental Financial Services, Popular Securities, VAB Financial, Scotia MSD and Santander Securities (co-managers); proceeds to refund all of the authority's series J bonds and to refund all or a portion of its series D and G bonds; pricing June 7.

SAN DIEGO COUNTY AND SAN DIEGO COUNTY SCHOOL DISTRICT (CALIFORNIA): $176 million series 2012-13A tax and revenue anticipation notes (MIG 1/SP-1+/F1+); negotiated; Citigroup Global Markets Inc. (lead); notes due 2013; proceeds to fund the city's mid-year cash flow needs ahead of the collection of taxes and revenues; pricing June 7.

Week of June 11

June 12

HARRIS COUNTY (TEXAS): $375 million series 2012 tax anticipation notes; competitive; First Southwest Co. (financial adviser); notes due Feb. 28, 2013; proceeds to fund county expenses ahead of ad valorem taxes to be collected in the latter half of the 2012-13 fiscal year; pricing June 12.

LOS ANGELES UNIFIED SCHOOL DISTRICT (CALIFORNIA): $650 million series 2012-13 tax and revenue anticipation notes; competitive; KNN Public Finance (financial adviser); notes due Feb. 28, 2013; proceeds to finance the general capital needs of the school district ahead of the collection of certain taxes and revenues; pricing June 12.

June 13

HOUSTON (TEXAS): $180 million series 2012 tax and revenue anticipation notes (/SP-1+/F1+); competitive; First Southwest Co. and TKG & Associates LLC (financial advisers); notes due June 28, 2013; proceeds to finance general city capital needs ahead of the collection of certain taxes and revenues; pricing June 13.

On the Horizon

BERKS COUNTY MUNICIPAL AUTHORITY/READING HOSPITAL AND MEDICAL CENTER (PENNSYLVANIA): $252.86 million series 2012 revenue bonds (Aa3/AA/AA-); negotiated; Bank of America Merrill Lynch, Morgan Stanley & Co. LLC and RBC Capital Markets LLC (lead for 2012A); Morgan Stanley & Co. LLC and RBC Capital Markets LLC (lead for 2012B); proceeds to construct, equip, acquire and install new and existing buildings operated by Reading Hospital and Medical Center, including emergency care facilities, oncology buildings and cardiology services, as well as to refund the medical center's series 2002 revenue bonds.

• $162,095,000 series 2012A fixed-rate bonds due Nov. 1, 2041, and Nov. 1, 2044

• $90,765,000 series 2012B variable-rate bonds due Nov. 1, 2039

CITIZENS PROPERTY INSURANCE CORP. (FLORIDA): $1.25 billion series 2012A personal lines account/commercial lines account senior secured bonds; negotiated; J.P. Morgan Securities LLC (lead); Bank of America Merrill Lynch; Citigroup Global Markets Inc.; Goldman, Sachs & Co.; Morgan Stanley & Co. LLC; Jefferies & Co.; Loop Capital Markets LLC; Ramirez & Co. Inc.; and RBC Capital Markets LLC (co-managers); proceeds to meet the corporation's claim-paying needs for its personal and commercial lines.

CLARK COUNTY (NEVADA): $300 million series 2012A airport system junior subordinate lien revenue notes (MIG 1/SP-1+/); negotiated; RBC Capital Markets LLC (lead for 2012A-1 notes); Bank of America Merrill Lynch (lead for 2012A-2 notes); notes due July 1, 2013; proceeds to repay a portion of the county's series 2003E-2 notes.

• $180 million series 2012A-1 notes

• $120 million series 2012A-2 notes

DETROIT (MICHIGAN)/DETROIT WATER AND SEWERAGE DEPARTMENT: $575 million series 2012A sewage disposal system revenue and refunding senior lien bonds (/A+/A-); negotiated; Goldman, Sachs & Co. (lead); BMO Capital Markets Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and Siebert Brandford Shank & Co. LLC (co-managers); bonds due 2014 to 2027 with term bonds due 2032 and 2039; proceeds to make improvements, additions and extensions to the city's sewage system, as well as to refund its 2003A revenue bonds.

DISTRICT OF COLUMBIA/GALLERY PLACE PROJECT: $54,775,000 series 2012 tax increment revenue refunding bonds (A1/A-/A+); negotiated; TD Securities LLC and Goldman, Sachs & Co. (lead); Fidelity Capital Markets Inc. and M.R. Beal & Co. (co-managers); bonds due 2013 to 2031; proceeds to finance capital improvements to the Gallery Place-Chinatown subway station in Washington, D.C.

DORMITORY AUTHORITY OF THE STATE OF NEW YORK: $3.7 billion state personal income tax revenue bonds; negotiated or competitive; Goldman, Sachs & Co. (lead for refunding bonds); proceeds to finance capital projects at the State University of New York, The City University of New York and SUNY Upstate Community College facilities and refund certain maturities of the series 2000A-B Metropolitan Transportation Authority state service contract bonds and certain maturities of various personal income tax revenue bonds issued by Dasny and the Empire State Development Corp.

• Up to $2 billion of refunding bonds

• Up to $1.7 billion of general purpose bonds

DORMITORY AUTHORITY OF THE STATE OF NEW YORK/BROOKLYN LAW SCHOOL: $60 million fixed-rate tax-exempt refunding bonds; proceeds to refund the law school's series 2003A-B revenue bonds.

DORMITORY AUTHORITY OF THE STATE OF NEW YORK/MIRIAM OSBORN MEMORIAL HOME ASSOCIATION: up to $55 million tax-exempt revenue bonds; negotiated; Herbert J. Sims & Co. (lead); proceeds to make renovations and upgrades to the association's independent and assisted living facilities, as well as to refund its series 2000B 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.

ESCAMBIA COUNTY (FLORIDA): $65 million series 2012 solid waste removal revenue bonds; negotiated; Goldman, Sachs & Co. (lead); proceeds to finance solid waste removal projects within the county.

HOUSTON (TEXAS)/CONVENTION & ENTERTAINMENT FACILITIES DEPARTMENT: hotel occupancy tax and special revenue refunding bonds (A2/A-/); negotiated; Hutchinson, Shockey, Erley & Co. and Mesirow Financial (lead); bonds due 2026 to 2033; proceeds to refund city's series 2001B-C and 2011A-B hotel occupancy tax and special revenue bonds.

NASSAU COUNTY (NEW YORK): $220 million series 2012 revenue anticipation notes (/SP-1+/F1+); negotiated; Bank of America Merrill Lynch (lead); J.P. Morgan Securities LLC and Ramirez & Co. Inc. (co-managers); proceeds to finance capital requirements for the county ahead of the collection of certain revenues.

• $160 million series 2012A notes due March 29, 2013

• $60 million series 2012B notes due April 30, 2013

NORFOLK (VIRGINIA): $206,645,000 series 2012 general obligation bonds; negotiated; proceeds to fund capital improvements and refund existing G.O. bonds.

• $119,625,000 series 2012A tax-exempt G.O. capital improvement bonds

• $56,585,000 series 2012B tax-exempt G.O. capital improvement refunding bonds

• $8,945,000 series 2012C AMT G.O. refunding bonds

• $21.49 million series 2012D taxable qualified school reconstruction bonds

NORTH CHARLESTON (SOUTH CAROLINA): $51.06 million series 2012 North Charleston Public Facilities Corp. installment purchase revenue bonds; negotiated; Wells Fargo Securities LLC (lead); bonds due 2013 to 2030 with term bonds due in 2033 and 2037; proceeds to finance the construction of a new public works facility in the fall of 2012.

NORTH LITTLE ROCK (ARKANSAS): $58.62 million series 2012 electric system revenue bonds (/A-/); negotiated; Stephens Inc. (lead); proceeds to replace a water sealing system, construct two feeder circuits to industrial customers, replace a service bucket vehicle, deploy and install smart grid power electronics in the form of meters and rollover switches and acquire and install a new security monitoring system, as well as to refund the city's series 1992 electric system revenue bonds.

• $22.46 million series 2012A taxable refunding bonds due 2013 to 2025

• $1,865,000 series 2012B refunding bonds due 2013 to 2025

• $10.67 million series 2012C taxable bonds due 2015 to 2022

• $16,415,000 series 2012D taxable refunding bonds due 2013 to 2022

• $7.21 million series 2012E capital improvement bonds due 2015 to 2022

NORTH TEXAS TOLLWAY AUTHORITY: $351,385,000 series 2012 system revenue refunding bonds (A2/A-/); negotiated; Barclays Capital Inc. and Bank of America Merrill Lynch (lead); Morgan Stanley & Co. LLC, Siebert Brandford Shank & Co. LLC and Wells Fargo Securities LLC (co-managers); proceeds to refund the authority's series 1998, 2003A and 2008H-2 first tier revenue bonds.

PALM BEACH COUNTY SCHOOL BOARD (FLORIDA): $68.12 million series 2012C certificates of participation (Aa3//AA-); negotiated; Bank of America Merrill Lynch, J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC (lead); COPs due 2016 to 2029; proceeds to refund school board's series 2004A COPs.

PASADENA UNIFIED SCHOOL DISTRICT (CALIFORNIA): $125 million series 2012 general obligation bonds; negotiated; RBC Capital Markets LLC (lead); proceeds to finance capital improvements for the district.

PHILADELPHIA HEALTH AND HIGHER EDUCATION FACILITIES AUTHORITY/TEMPLE UNIVERSITY HEALTH SYSTEM OBLIGATED GROUP (PENNSYLVANIA): $318.18 million series 2012 hospital revenue bonds (Ba1/BBB-/BBB-); negotiated; Morgan Stanley & Co. LLC and Barclays Capital Inc. (lead); PNC Bank, NA (co-manager); proceeds to finance capital projects for the obligated group and to refund existing debt.

• $220.95 million series 2012A revenue bonds

• $97.23 million series 2012B refunding bonds

SAN BERNARDINO COUNTY (CALIFORNIA): $190 million series 2012-13 tax and revenue anticipation notes (/SP-1+/); negotiated; Loop Capital Markets LLC and Bank of America Merrill Lynch (lead); notes due June 28, 2013; proceeds to provide general capital funds for the county for the 2012-13 fiscal year ahead of the collection of taxes and revenues.

SACRAMENTO UNIFIED SCHOOL DISTRICT (CALIFORNIA): $112 million series 2012 general obligation refunding bonds; negotiated; Stone & Youngberg and Morgan Stanley & Co. LLC (lead); proceeds to refund the district's series 1999B-D, 2001 and 2002A G.O. bonds.

SOUTH JERSEY PORT CORP.: $58,115,000 series 2012Q marine terminal revenue refunding bonds (A1/A-/); competitive; Goldman Beale Associates (financial adviser); bonds due 2014 to 2033; proceeds to advance refund the corporation's series 2002K marine terminal revenue bonds.

STANFORD UNIVERSITY (CALIFORNIA): $140 million series 2012 taxable bonds (Aaa/AAA/AAA); negotiated; Goldman, Sachs & Co. and Morgan Stanley & Co. LLC (lead); Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Prager & Co. LLC (co-managers); bonds due May 1, 2042; proceeds to refinance commercial paper and other debt that refinanced capital projects for the university.

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.


© 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.