Municipal Calendar: Dormitory Authority preps $238 million bond deal

Week of September 10

DORMITORY AUTHORITY OF THE STATE OF NEW YORK/STATE UNIVERSITY DORMITORY FACILITIES: $238 million series 2012A lease revenue bonds (Aa2/AA-/); negotiated; Ramirez & Co. Inc. and Jefferies & Co. Inc. (lead); Bank of America Merrill Lynch, Janney Montgomery Scott LLC, Loop Capital Markets LLC, Morgan Stanley & Co. LLC, Oppenheimer & Co. Inc., M&T Securities Inc., Raymond James/Morgan Keegan, Roosevelt & Cross Inc., Siebert Brandford Shank & Co. LLC and Southwest Securities Inc. (co-managers); proceeds to finance the construction of dormitory facilities at various state universities, as well as to refund existing debt; pricing week of Sept. 10.

September 10

FOREST PRESERVE DISTRICT OF KANE COUNTY (ILLINOIS): $72,315,000 series 2012 general obligation refunding bonds; competitive; Speer Financial Inc. (financial adviser); bonds due 2013 to 2017; proceeds to refund the district's series 2004 G.O. refunding bonds and its series 2005 G.O. bonds; pricing Sept. 10.

September 11

ARKANSAS: $225 million federal highway grant anticipation and tax revenue bonds (Aa1/AA/); competitive; Stephens Inc. (financial adviser); bonds due 2015 to 2024; proceeds to be deposited into the state's project fund; pricing Sept. 11.

MISSOURI: $171.9 million series 2012 general obligation refunding bonds (Aaa/AAA/AAA); competitive; Columbia Capital Markets LLC (financial adviser); bonds proceeds to refund the state's series 2002A-B state water pollution control bonds and its series 2002A fourth state building bonds; pricing Sept. 11.

• $65.79 million series 2012A state water pollution control G.O. refunding bonds due 2013 to 2019

• $106.11 million series 2012A fourth state building G.O. refunding bonds due 2013 to 2021

September 12

NEWPORT NEWS (VIRGINIA): $51,605,000 series 2012 general obligation bonds (Aa1/AA/); competitive; Public Financial Management Inc. (financial adviser); proceeds to refund the city's series 2011 G.O. bonds and to finance various capital improvements in the city; pricing Sept. 12.

• $48 million series 2012C general obligation general improvement bonds due 2013 to 2032

• $3,605,000 series 2012D general obligation refunding bonds due 2014 to 2021

September 13

ARAPAHOE COUNTY WATER AND WASTEWATER PUBLIC IMPROVEMENT DISTRICT (COLORADO): $59,055,000 series 2012 general obligation refunding bonds (/AA-/); competitive; BLX Group LLC (financial adviser); bonds due 2013 to 2032; proceeds to refund the district's series 2002A G.O. bonds; pricing Sept. 13.

ILLINOIS: $50 million series of September 2012 general obligation bonds (A2/A/); competitive; Peralta Garcia Solution $s LLC (financial adviser); bonds due 2013 to 2022; proceeds to finance the state's information technology capital projects; pricing Sept. 13.

Week of September 17

September 17

KING COUNTY (WASHINGTON): $69.53 million series 2012 public transportation sales tax limited tax general obligation refunding bonds (Aa1/AAA/AA+); competitive Seattle-Northwest Securities Inc. (financial adviser); bonds due 2013 to 2034; proceeds to refund the county's series 2002 and 2004 general obligation bonds; pricing Sept. 17.

On the Horizon

ALASKA STUDENT LOAN CORP.: $147,855,000 series 2012 education loan revenue refunding bonds (/AA-/A-1+/); negotiated; RBC Capital Markets LLC (sole); bonds due Dec. 1, 2043; proceeds to refund existing education loan revenue bonds.

• $54.42 million senior series 2012A AMT bonds

• $78,435,000 senior series 2012B-1 bonds

• $15 million senior series 2012B-2 AMT bonds

ANCHORAGE (ALASKA): $93.21 million series 2012 general obligation and G.O. refunding bonds (/AA+/AA+); negotiated; Wells Fargo Securities LLC (lead); Bank of America Merrill Lynch, Citigroup Global Markets Inc., J.P. Morgan Securities LLC and KeyBanc Capital Markets Inc. (co-managers); proceeds to finance capital improvements within the city and schools, as well as to refund existing G.O. debt.

• $24.43 million series 2012A general purpose G.O. bonds due 2014 to 2032

• $31.07 million series 2012B general purpose G.O. refunding bonds due 2013 to 2018

• $13,585,000 series 2012C school G.O. bonds due 2013 to 2032

• $24,125,000 series 2012D school G.O. refunding bonds due 2013 to 2015

BLACK BELT ENERGY GAS DISTRICT (ALABAMA): $773,845,000 series 2012A gas project revenue bonds (A1/A-/A); negotiated; Goldman, Sachs & Co. and Merchant Capital LLC (lead); bonds due 2013 to 2042; proceeds to acquire natural gas as part of a prepaid natural gas purchase agreement.

BROWARD COUNTY (FLORIDA): $636.3 million series 2012Q airport system revenue bonds (/A+/A); negotiated; Citigroup Global Markets Inc. (lead); J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, Ramirez & Co. Inc., Bank of America Merrill Lynch, Blaylock Robert Van LLC, Goldman, Sachs & Co., Raymond James/Morgan Keegan and Siebert Brandford Shank & Co. LLC (co-managers); proceeds to expand runways at the Broward County Aviation Department.

• $525 million series 2012Q-1 non-AMT bonds

• $111.3 million series 2012Q-2 AMT bonds

CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY/TERRACES AT SAN JOAQUIN GARDENS: $72,715,000 series 2012 revenue bonds; negotiated; Ziegler Capital Markets LLC (lead); proceeds to be loaned to the Terraces at San Joaquin Gardens to reimburse the corporation for the construction, acquisition, equipment and renovation of senior living communities in Fresno, Calif.

• $49,365,000 series 2012A bonds due 2042

• $9,475,000 series 2012B-1 tax-exempt mandatory paydown securities due Oct. 1, 2019

• $13,875,000 series 2012B-2 tax-exempt mandatory paydown securities due Oct. 1, 2018

DETROIT/WAYNE COUNTY STADIUM AUTHORITY (MICHIGAN): $61,275,000 series 2012 Building Authority refunding general obligation bonds (Baa2/BBB+/BBB+); negotiated; Citigroup Global Markets Inc. and Siebert Brandford Shank & Co. LLC (lead); Wells Fargo Securities LLC (co-manager); bonds due 2013 to 2026; proceeds to refund the authority's series 1997 Building Authority general obligation bonds.

DORMITORY AUTHORITY OF THE STATE OF NEW YORK: up to $600 million tax-exempt refunding bonds; negotiated; RBC Capital Markets LLC and Raymond James/Morgan Keegan (lead); proceeds to refund the authority's series 2002A-I school districts revenue bond financing program revenue bonds.

DORMITORY AUTHORITY OF THE STATE OF NEW YORK/LONG ISLAND UNIVERSITY: up to $66 million fixed-rate tax-exempt and/or taxable bonds; proceeds to current refund all or a portion of the authority's series 1999 and 2003A-B bonds sold for the university.

DULUTH ECONOMIC DEVELOPMENT AUTHORITY/ST. LUKE'S HOSPITAL OF DULUTH OBLIGATED GROUP: $83 million series 2012 health care facilities revenue bonds; negotiated; Ziegler Capital Markets Inc. (lead); proceeds to construct improvements and equip St. Luke's facilities, as well as to current refund the authority's series 2002 revenue bonds.

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.

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.

HEALTH AND EDUCATIONAL FACILITIES AUTHORITY OF THE STATE OF MISSOURI/HEARTLAND REGIONAL MEDICAL CENTER: $50 million series 2012 health facilities revenue bonds (A1//A+); negotiated; BMO Capital Markets LLC and Wells Fargo Securities LLC (lead); proceeds to finance a loan to the medical center for the construction, remodeling, acquisition, renovation and equipment of Heartland facilities.

HOSPITAL SISTERS SERVICES INC.: $99,065,000 series 2012 revenue and refunding bonds (/AA-/AA-); negotiated; Bank of America Merrill Lynch (lead); BMO Capital Markets LLC and J.P. Morgan Securities LLC (co-managers); proceeds to construct, equip, acquire and renovate health care facilities in Illinois, as well as to refund existing bonds issued by the Wisconsin authority.

• $63 million series 2012B Wisconsin Health and Educational Facilities Authority revenue refunding bonds

• $36,065,000 series 2012C Illinois Finance Authority revenue bonds

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.

INDIANA FINANCE AUTHORITY: $73,985,000 series 2012 facilities revenue refunding bonds (Aa1/AA+/AA+); negotiated; J.P. Morgan Securities LLC (lead); Edward D. Jones & Co. LP, J.J.B. Hilliard, W.L. Lyons LLC, Ramirez & Co. Inc. and Wells Fargo Securities LLC (co-managers); proceeds to advance refund authority's series 2003B and 2004D-E revenue bonds.

• $10,275,000 series 2012A bonds

• $23.72 million series 2012B bonds

• $39.99 million series 2012C bonds

JACKSONVILLE PORT AUTHORITY (FLORIDA): $92 million series 2012 AMT revenue and refunding bonds (A2//A); negotiated; Morgan Stanley & Co. LLC and Wells Fargo Securities LLC (lead); proceeds to rehabilitate and upgrade the existing wharf at the Blount Island Marine Terminal, as well as to refund the authority's series 2008 revenue bonds.

LEE COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY/CYPRESS COVE AT HEALTH PARK FLORIDA INC.: $64,885,000 series 2012 health care facilities revenue refunding bonds; negotiated; H.J. Sims & Co. (lead); proceeds to refund the authority's series 1997A and 2002A revenue bonds.

LUBBOCK INDEPENDENT SCHOOL DISTRICT (TEXAS): $65 million series 2012A unlimited tax school building bonds; negotiated; Wells Fargo Securities LLC (lead); BOSC Inc., RBC Capital Markets LLC and Raymond James/Morgan Keegan (co-managers); bonds due 2013, 2015 to 2017 and 2021 to 2042; proceeds to finance the construction and renovation of school buildings within the district.

MASSACHUSETTS HOUSING FINANCE AGENCY: $158.31 million series 2012 taxable housing bonds; negotiated; Bank of America Merrill Lynch and Raymond James/Morgan Keegan (lead); Barclays, Citigroup Global Markets Inc., J.P. Morgan Securities Inc., Loop Capital Markets LLC, Morgan Stanley & Co. LLC, CastleOak Securities LP, Corby Capital Markets, Eastern Bank, Fidelity Capital Markets Inc., George K. Baum & Co., Janney Montgomery Scott LLC, M.R. Beal & Co., Piper Jaffray & Co., Ramirez & Co. Inc., Rice Financial Products Co., Siebert Brandford Shank & Co. LLC, Wells Fargo Bank, NA and The Williams Capital Group LP (co-managers); proceeds to purchase U.S. Treasury obligations.

• $107.05 million series 2012C bonds due 2013 to 2023 with term bonds due 2027, 2032, 2037 and 2043

• $51.26 million series 2012D bonds due 2013 to 2017

METROPOLITAN WATER DISTRICT OF SOUTHERN CALIFORNIA: $59,435,000 series 2012F water revenue refunding bonds (Aa1/AAA/AA+); negotiated; Ramirez & Co. Inc. (lead); Siebert Brandford Shank & Co. LLC and Stone & Youngberg (co-managers); proceeds to refund the district's series 2003B-3 water revenue bonds, 2003B-4 water revenue bonds, 2006A-1 water revenue refunding bonds and 2006A-2 water revenue refunding bonds.

MIDLAND COUNTY FRESH WATER SUPPLY DISTRICT (TEXAS): $201,782,006.20 series 2012 revenue refunding bonds and revenue notes (Aa3/AA+/); negotiated; Estrada Hinojosa & Co. Inc. and Wells Fargo Securities LLC (lead); BOSC Inc., Frost Bank and J.P. Morgan Securities LLC (co-managers); proceeds to construct, acquire, develop, equip and renovate infrastructure to source and deliver groundwater from the T-Bar Ranch to the city of Midland, Texas, as well as to refund existing revenue notes.

• $71,245,000 series 2012 revenue refunding bonds due 2014 to 2028 with term bond due in 2039

• $130,537,006.20 series 2012A revenue notes due 2029 to 2038 with term bond due in 2041

MOBILE COUNTY BOARD OF SCHOOL COMMISSIONERS (ALABAMA): $100.85 million series 2012 capital outlay school warrants (/AA-/); negotiated; Gardnyr Michael Capital Inc. (lead); warrants due 2013 to 2042; proceeds to acquire and construct 2012 school projects within the county.

NEW MEXICO HOSPITAL EQUIPMENT LOAN COUNCIL/GERALD CHAMPION REGIONAL MEDICAL CENTER: $71,245,000 series 2012A hospital improvement and revenue refunding bonds (/BB/); negotiated; Jefferies & Co. (lead); proceeds to construct, improve, renovate and equip a new patient tower at the medical center and refund the medical center's series 2007A bonds.

NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY: $350 million series 2013 future tax secured bonds (Aa1/AAA/AAA); negotiated; TD Securities (USA) LLC (sole for 2013-4 bonds) and US Bancorp Inc. (sole for 2013A-5, 2013A-6 and 2013A-7 bonds); bonds due Aug. 1, 2039; proceeds to finance general capital needs for the city.

• $50 million series 2013A-4 tax-exempt subordinate adjustable-rate bonds

• $50 million series 2013A-5 tax-exempt subordinate adjustable-rate bonds

• $100 million series 2013A-6 tax-exempt subordinate adjustable-rate bonds

• $150 million series 2103A-7 tax-exempt subordinate adjustable-rate bonds

NORTH CAROLINA CAPITAL FACILITIES FINANCE AGENCY/WAKE FOREST UNIVERSITY: $110 million series 2012 educational facilities revenue bonds (Aa3/AA/); negotiated; Wells Fargo Securities LLC and BB&T Capital Markets LLC (lead); bonds due 2015 to 2033 with term bonds due 2040 and 2042; proceeds to construct and design residence halls, a dining hall and academic buildings, as well as to upgrade the university's heating plant.

NORTH SHORE-LONG ISLAND JEWISH HEALTH SYSTEM: $135 million series 2012B taxable bonds (A3/A-/A-); negotiated; Citigroup Global Markets Inc. and Morgan Stanley & Co. LLC (lead); bonds due Nov. 1, 2042; proceeds to reimburse the system for capital improvements or future capital investments, as well as to repay amounts under a revolving credit instrument.

NYU HOSPITALS CENTER: $250 million series 2012A taxable bonds (A3/A-/A-); negotiated; J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and Bank of America Merrill Lynch (lead); TD Securities (USA) LLC (co-manager); proceeds to finance various construction projects for the center.

OHIO/UNIVERSITY HOSPITALS HEALTH SYSTEM INC.: $50 million series 2012C hospital revenue bonds (A2/A/); negotiated; Bank of America Merrill Lynch and Barclays (lead); Edward D. Jones & Co. LP, Fifth Third Securities Inc., KeyBanc Capital Markets Inc., PNC Capital Markets LLC and U.S. Bancorp Inc. (co-managers); proceeds to refund the health system's series 2009B and 2009C-1 revenue bonds.

ONONDAGA CIVIC DEVELOPMENT CORP./ST. JOSEPH HOSPITAL HEALTH CENTER: $143,705,000 series 2012 tax-exempt bonds (Ba1/BB+/); negotiated; Jefferies & Co. (sole); proceeds to finance capital improvements to the hospital, as well as to refund the hospital's series 1997 revenue bonds.

SOUTH CAROLINA STATE HOUSING FINANCE AND DEVELOPMENT AUTHORITY: $65.71 million series 2012A taxable refunding mortgage revenue bonds; negotiated; Citigroup Global Markets Inc. (lead); Bank of America Merrill Lynch and Goldman, Sachs & Co. (co-managers); proceeds to refund existing mortgage revenue bonds.

• $25,265,000 series 2012A-1 bonds due 2013 to 2019

• $40,445,000 series 2012A-2 planned amortization class bonds due July 1, 2034

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.

TEXAS: $155.41 million series 2012G water financial assistance general obligation bonds (Aaa/AA+/AAA); negotiated; Barclays (lead); Frost Bank, Jefferies & Co., M.R. Beal & Co. and Siebert Brandford Shank & Co. LLC (co-managers); bonds due 2013 to 2041; proceeds to finance loans to political subdivisions for water projects.

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.

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