Municipal Calendar: Kansas Transportation preps $153.59 million deal

Week of October 1

October 2

KANSAS DEPARTMENT OF TRANSPORTATION: $153.59 million series 2012B highway revenue refunding bonds (Aa1/AAA/AA+); competitive; Public Financial Management Inc. (financial adviser); bonds due 2019 to 2022; proceeds to refund the department's series 2004A highway revenue bonds; pricing Oct. 2.

Week of October 8

October 9

MILWAUKEE (WISCONSIN): $120 million series 2012 M11 school revenue anticipation notes; competitive; Robert W. Baird & Co. (financial adviser); notes due June 26, 2013; proceeds to finance Milwaukee Public Schools operations on an interim basis pending the receipt of state aid payments; pricing Oct. 9.

On the Horizon

AMHERST COLLEGE (MASSACHUSETTS): $100 million series 2012A taxable bonds (Aaa/AA+/); negotiated; Bank of America Merrill Lynch (lead); proceeds to finance capital projects for the college.

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.

CENTRE COUNTY HOSPITAL AUTHORITY/MOUNT NITTANY MEDICAL CENTER (PENNSYLVANIA): $112.04 million series 2012 hospital revenue bonds (/A-/A-); negotiated; Bank of America Merrill Lynch, Edward D. Jones & Co. LP, M&T Securities Inc., Morgan Stanley & Co. LLC and PNC Capital Markets LLC (underwriters); proceeds to construct, acquire, equip and renovate Mount Nittany capital projects.

• $43.71 million series 2012A bonds

• $68.33 million series 2012B bonds

CUMBERLAND COUNTY MUNICIPAL AUTHORITY (PENNSYLVANIA)/ASBURY PENNSYLVANIA OBLIGATED GROUP: $52,625,000 series 2012 refunding revenue bonds; negotiated; Ziegler Capital Markets Inc. (lead); proceeds to refund the authority's series 2006 adjustable-rate demand revenue bonds.

DORMITORY AUTHORITY OF THE STATE OF NEW YORK: $371.91 million series 2012 school districts revenue bonds financing program revenue bonds; negotiated; RBC Capital Markets LLC and Raymond James/Morgan Keegan (lead); Jefferies & Co., Ramirez & Co. Inc., Roosevelt & Cross Inc., Stifel, Nicolaus & Co. Inc., BB&T Capital Markets, Citigroup Global Markets Inc., Fidelity Capital Markets Inc., Janney Montgomery Scott LLC, J.P. Morgan Securities LLC, Lebenthal & Co. Inc., M.R. Beal & Co. Inc., Mesirow Financial Inc., Rice Financial Products Co., Sterne, Agee, Leach & Co., The Williams Capital Group LP and Wells Fargo Bank, NA (co-managers); proceeds to finance loans to a number of New York State school districts for capital improvements and to refund the authority's series 2002C and 2002G revenue bonds.

• $173.28 million series 2012F bonds (/A+/A+)

• $79.53 million series 2012G bonds (/A+/A+)

• $77.27 million series 2012H bonds (Aa3//A+)

• $13,085,000 series 2012I bonds (/AA/A+)

• $22,355,000 series 2012J bonds (/AA-/A+)

• $6.39 million series 2012K bonds (/A+/A+)

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: $57,945,000 series 2012 revenue bonds; negotiated; Piper Jaffray & Co. Inc. (lead); bonds due 2013 to 2027 with a term bond due in 2032; proceeds to current refund all or a portion of the authority's series 1999 and 2003A-B bonds sold for the university.

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.

ERIE COUNTY FISCAL STABILITY AUTHORITY (NEW YORK): $74,765,000 series 2012A bond anticipation notes (MIG 1); negotiated; Roosevelt & Cross Inc. and Lebenthal & Co. Inc. (lead); notes due July 31, 2013; proceeds to finance capital expenditures for the authority.

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.

GUAM POWER AUTHORITY: $345,135,000 series 2012A revenue bonds (Aa3/AA-/); negotiated; Morgan Stanley & Co. LLC and Barclays (lead); proceeds to refund the authority's series 1993 and 1999 revenue bonds.

HARRIS COUNTY (TEXAS): $375 million series 2012 toll road senior lien revenue refunding bonds (/AA-/AA-); negotiated; Wells Fargo Securities LLC and Bank of America Merrill Lynch (lead); Loop Capital Markets LLC, Mesirow Financial Inc., M.R. Beal & Co. Inc., RBC Capital Markets LLC and Robert W. Baird & Co. Inc. (co-managers); proceeds to refund outstanding toll road senior lien revenue bonds.

• $275 million series 2012C bonds

• $100 million series 2012D bonds

HARRIS COUNTY INDUSTRIAL DEVELOPMENT CORP./HFOTCO LLC (TEXAS): $100 million series 2012 marine terminal revenue bonds (A3/VMIG 2//A/F1); negotiated; Bank of America Merrill Lynch (lead); bonds due Nov. 1, 2050; proceeds to make improvements to HFOTCO's real property following damages from Hurricane Ike in 2008.

ILLINOIS FINANCE AUTHORITY/LUTHERAN HOME AND SERVICES OBLIGATED GROUP: $101,995,000 series 2012 revenue bonds; negotiated; Ziegler Capital Inc. (lead); bonds due 2013 to 2017 with term bonds due in 2022, 2027, 2032 and 2046; proceeds to be loaned to the Lutheran Home and Services for the Aged Inc. to refinance debt issued to construct, acquire, equip and renovate properties owned by the company, as well as to refund the home's series 2001 and 2003 revenue bonds.

KENTUCKY ECONOMIC DEVELOPMENT AUTHORITY/MASONIC HOMES OF KENTUCKY: $50 million series 2012 health care facilities revenue and revenue refunding bonds; negotiated; Ziegler Capital Inc. (lead); proceeds to construct, equip, acquire and renovate Masonic Homes of Kentucky properties, as well as to refund the authority's series 2009 and 2010 revenue bonds.

MINNESOTA HOUSING FINANCE AGENCY: $75 million series 2012B homeownership finance bonds (Aaa); negotiated; RBC Capital Markets LLC, Morgan Stanley & Co. LLC and Piper Jaffray & Co. (lead); bonds due Dec. 1, 2042; proceeds to finance mortgage loans.

MISSION HEALTH INC. (NORTH CAROLINA)/MISSION HEALTH COMBINED GROUP: $250 million series 2012 taxable health system revenue bonds (Aa3/AA-/AA-); negotiated; Bank of America Merrill Lynch and Wells Fargo Securities LLC (lead); bonds due Dec. 1, 2042; proceeds to finance capital improvements and equipment purchases for the combined group.

NASSAU COUNTY LOCAL ECONOMIC ASSISTANCE CORP./WINTHROP-UNIVERSITY HOSPITAL ASSOCIATION: $132 million series 2012 revenue bonds (Baa1//BBB+); negotiated; Goldman, Sachs & Co. (lead); proceeds to refund corporation's series 2001A-B and 2003A-B revenue bonds.

NEW YORK CITY: $825 million series 2013 general obligation bonds; negotiated; J.P. Morgan Securities LLC (lead); Bank of America Merrill Lynch, Morgan Stanley & Co. LLC, Citigroup Global Markets Inc., Siebert Brandford Shank & Co. LLC, Barclays, Fidelity Capital Markets, Loop Capital Markets LLC, Roosevelt & Cross Inc., Goldman, Sachs & Co., Ramirez & Co. Inc., Southwest Securities Inc., M.R. Beal & Co. Inc., Jefferies & Co. Inc., Rice Financial Products Co., Wells Fargo Securities LLC, Cabrera Capital Markets LLC, Lebenthal & Co. LLC, RBC Capital Markets LLC, Jackson Securities Inc., MFR Securities Inc., Janney Montgomery Scott LLC, Raymond James/Morgan Keegan and TD Securities (USA) Inc. (co-managers); proceeds to finance some of the city's capital needs under its 2012 to 2016 financial plan.

• $525 million series 2013A-1 tax-exempt bonds due 2013 to 2032

• $260 million series 2013B tax-exempt bonds due 2013 to 2032

• $40 million series 2013C tax-exempt bonds due 2013 to 2032

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 TEXAS TOLLWAY AUTHORITY: $135,855,000 series 2012 system revenue refunding bonds (A2/A-/); negotiated; J.P. Morgan Securities LLC (lead); Ramirez & Co. Inc. and Rice Financial Products Co. (co-managers); proceeds to refund the authority's series 2003A revenue bonds and series 2008L-2 revenue bonds.

• $102,025,000 series 2012C first-tier put bonds due 2038

• $33.83 million series 2012D first-tier current interest bonds

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.: $55,825,000 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 US Bancorp Inc. (co-managers); bonds due 2020 to 2029 with term bonds due in 2032, 2035, 2039 and 2042; proceeds to refund the health system's series 2009B and 2009C-1 revenue bonds.

RIVERSIDE COUNTY (CALIFORNIA): $145,265,000 series 2012D Teeter obligation notes (MIG 1//F1+); negotiated; Citigroup Global Markets Inc. and Bank of America Merrill Lynch (lead); notes due Oct. 16, 2013; proceeds to fund an advance of unpaid property taxes for agencies participating in the county's Teeter program and to refund the county's series 2011B Teeter obligation notes.

SOUTH DAKOTA HEALTH AND EDUCATIONAL FACILITIES AUTHORITY/SANFORD HEALTH: $120 million series 2012E revenue bonds; negotiated; Cain Brothers (lead); bonds due Nov. 1, 2042; proceeds to finance a loan to the health care system to construct, acquire, equip and renovate an acute-care hospital and clinic facility in Thief River Falls, Minn., as well as other facilities.

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.

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