Municipal Calendar: California organizes $5.5 billion note deal

Week of August 12

ATLANTA DEVELOPMENT AUTHORITY/GEORGIA TECH: $116,095,000 series 2013 TUFF-GATV revenue bonds (A2/A/); negotiated; BofA Merrill Lynch and SunTrust Robinson Humphrey (lead); proceeds to refund the authority's series 2002A-B and 2005A-B revenue bonds; pricing week of Aug. 12.

• $45,645,000 series 2013A-1 revenue bonds due 2020 to 2033 with term bonds due 2038 and 2043

• $5.62 million series 2013A-2 taxable revenue bonds due 2014 to 2020

• $5.35 million series 2013B-1 revenue bonds due 2025 to 2028

• $56,415,000 series 2013B-2 taxable revenue bonds due 2014 to 2033 with term bonds due 2028, 2033 and 2043

• $3,065,000 series 2013C revenue bonds due 2014 to 2027

CALIFORNIA: $5.5 billion series 2013-14 revenue anticipation notes (MIG 1/SP-1+/F1+); negotiated; J.P. Morgan Securities LLC, Morgan Stanley & Co. and De La Rosa & Co. (lead); Academy Securities Inc., Alamo Capital, Baird & Co., Barclays, Blaylock Robert Van LLC, BofA Merrill Lynch, BNY Mellon Capital Markets LLC, Citigroup Global Markets Inc., City National Securities Inc., Comerica Securities, Drexel Hamilton LLC, Fidelity Capital Markets LLC, Goldman, Sachs & Co., KeyBanc Capital Markets LLC, Loop Capital Markets LLC, M.R. Beal & Co., Mitsubishi UFJ Securities, O'Connor & Co. Securities Inc., Oppenheimer & Co. Inc., Piper Jaffray & Co., Prager & Co. LLC, Ramirez & Co. Inc., Raymond James/Morgan Keegan, RBC Capital Markets LLC, RH Investment Corp., Siebert Brandford Shank & Co. LLC, Southwest Securities Inc., Stifel, Nicolaus & Co., The Williams Capital Group LP, US Bancorp Investments Corp., Wedbush Securities Inc., William Blair & Co. and Wells Fargo Securities LLC (co-managers); notes due in 2014; proceeds to finance capital needs for the state for the coming fiscal year; pricing week of Aug. 12.

CHICAGO PARK DISTRICT (ILLINOIS): $162.5 million series 2013 general obligation bonds (A1/AA+/AA); negotiated; BMO Capital Markets LLC and Loop Capital Markets LLC (lead); Mesirow Financial Inc. and Cabrera Capital Markets LLC (co-managers); proceeds to finance capital improvements and maintenance costs for the city's parks, as well as to refund existing G.O. debt; pricing week of Aug. 12.

• $50 million series 2013A limited tax bonds

• $70 million series 2013B limited tax bonds

• $2.5 million series 2013C unlimited tax refunding bonds

• $40 million series 2013D unlimited tax harbor facilities bonds

COLORADO EDUCATIONAL AND CULTURAL FACILITIES AUTHORITY/JOHNSON & WALES UNIVERSITY: $111.3 million series 2013 revenue bonds (A2); negotiated; Morgan Stanley & Co. LLC (lead); proceeds to finance capital expenditures for the university's Denver campus, as well as to refund existing revenue bonds; pricing week of Aug. 12.

• $30 million series 2013A revenue bonds

• $81.3 million series 2013B revenue refunding bonds

CONNECTICUT: $500 million general obligation bonds (Aa3/AA/AA); negotiated; M.R. Beal & Co. (lead); BofA Merrill Lynch; Morgan Stanley & Co. LLC; Ramirez & Co., Inc.; William Blair & Co.; Barclays; CastleOak Securities, LP; Citigroup Global Markets Inc.; Edward D. Jones & Co. LP; Fidelity Capital Markets LLC; J.P. Morgan Securities LLC; Rice Financial Products; Roosevelt & Cross, Inc.; TD Securities (USA) LLC; Wells Fargo Securities LLC; Prager & Co., LLC; Robert Baird & Co.; The Williams Capital Group LP and US Bancorp Investments Inc. (co-managers); proceeds for various state projects; pricing week of Aug. 12.

• $100 million of series 2013A bonds due 2014 to 2023

• $165 million of series 2013D bonds due 2014 to 2023

• $235 million of series 2013E bonds due 2014 to 2033

DALLAS/FORT WORTH INTERNATIONAL AIRPORT (TEXAS): $680.98 million series 2013 joint revenue refunding bonds (A2); negotiated; Citigroup Global Markets Inc. (lead); proceeds to refund existing airport revenue debt; pricing week of Aug. 12.

• $428.35 million series 2013E AMT bonds

• $252.63 million series 2013F non-AMT bonds

ERIE COUNTY FISCAL STABILITY AUTHORITY (NEW YORK): $167,005,000 series 2013 bond anticipation notes (MIG 1//F1+) and sales tax and state aid secured bonds (Aa1//AA+); negotiated; Roosevelt & Cross Inc. and Ramirez & Co. Inc. (lead); proceeds to finance capital outlay expenses; pricing week of Aug. 12.

• $129,305,000 series 2013A BANs due July 31, 2014

• $37.7 million series 2013C sales tax and state aide secured bonds due 2014 to 2023

JACKSONVILLE ELECTRIC AUTHORITY (FLORIDA): $296,915,000 series 2013 revenue bonds; negotiated; RBC Capital Markets LLC (lead); BofA Merrill Lynch, Barclays, BMO Capital Markets LLC, Citigroup Global Markets Inc., Goldman, Sachs & Co., Jefferies & Co., J.P. Morgan Securities LLC, Loop Capital Markets LLC, Morgan Stanley & Co. LLC, Piper Jaffray & Co., Raymond James/Morgan Keegan and Wells Fargo Securities LLC (co-managers); proceeds to refund existing electric system debt; pricing week of Aug. 12.

• $37.23 million series 2013C electric system revenue bonds (Aa2/AA-/AA)

• $30,345,000 series 2013D electric system revenue bonds (Aa2/AA-/AA)

• $167,465,000 series 2013C subordinate bonds (Aa3/A+/AA)

• $61,875,000 series 2013D subordinate bonds (Aa3/A+/AA)

MARYLAND DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT: $52,446,817 series 2013A single-family housing revenue bonds (Aaa); negotiated; RBC Capital Markets LLC (lead); BofA Merrill Lynch and J.P. Morgan Securities LLC (co-managers); bonds due July 1, 2043; proceeds to finance single-family mortgage loans; pricing week of Aug. 12.

MARYLAND HEALTH AND HIGHER EDUCATIONAL FACILITIES AUTHORITY/JOHNS HOPKINS HEALTH SYSTEM: $238 million series 2013C revenue bonds (Aa3/AA-/AA-); negotiated; Goldman, Sachs & Co. and J.P. Morgan Securities LLC (lead); BofA Merrill Lynch, Cabrera Capital Markets LLC, PNC Capital Markets LLC and Wells Fargo Securities LLC (co-managers); bonds due 2016 to 2033 with term bonds due in 2038 and 2043; proceeds to finance and refinance capital projects for the health system; pricing week of Aug. 12.

PHILADELPHIA (PENNSYLVANIA): $200 million series 2013A water and wastewater revenue bonds (A1/A/A+); negotiated; Morgan Stanley and Siebert Brandford Shank & Co. LLC (lead); BofA Merrill Lynch, Drexel Hamilton LLC, Janney Montgomery Scott LLC and TD Securities Inc. (co-managers); bonds due 2017 to 2023 with term bond due 2043; proceeds to finance capital improvements to the city's water and wastewater systems; pricing week of Aug. 12.

REEDY CREEK IMPROVEMENT DISTRICT (FLORIDA): 383.56 million ad valorem tax bonds (Aa3/A+/AA-); negotiated; Raymond James/Morgan Keegan and J.P. Morgan Securities LLC (lead); BofA Merrill Lynch, Loop Capital Markets LLC and Morgan Stanley & Co. LLC (co-managers); proceeds to finance the costs to design, construct, equip and improve roadways and parking facilities and to advance refund the outstanding series 2004 and series 2005 bonds; pricing week of Aug. 12.

• $344.15 million of series 2013A ad valorem tax serial bonds due 2014 to 2033; term bond due 2038

• $39.41 million of series 2013B ad valorem tax refunding bonds due 2014 to 2025

UNIVERSITY OF MASSACHUSETTS BUILDING AUTHORITY: $250 million series 2013 refunding revenue bonds; negotiated; Jefferies & Co. (sole underwriter for 2013-3); Wells Fargo Securities LLC (lead for 2013-4); Ramirez & Co. Inc. (lead for 2013-5); proceeds to refund existing revenue debt; pricing week of Aug. 12.

• $80 million series 2013-4 taxable revenue refunding bonds

• $170 million series 2013-5 taxable refunding revenue bonds

WASHINGTON STATE HOUSING FINANCE COMMISSION: $107,295,000 series 2013 nonprofit housing revenue bonds; negotiated; Ziegler Capital Inc. (lead); proceeds to construct residential housing units at Rockwood South Hill in Seattle, as well as to refund variable-rate debt; pricing week of Aug. 12.

• $82,495,000 series 2013A revenue and refunding bonds due Jan. 1, 2049

• $4.65 million series 2013B-1 tax-exempt mandatory paydown securities due Jan. 1, 2021

• $4.65 million series 2013B-2 tax-exempt mandatory paydown securities due Jan. 1, 2020

• $15.5 million series 2013B-3 tax-exempt mandatory paydown securities due Jan. 1, 2020

Week of August 19

August 20

UNIVERSITY OF HOUSTON SYSTEM (TEXAS): $152.54 million series 2013 consolidated revenue and refunding bonds (Aa2/AA/); competitive; First Southwest Co. (financial adviser); proceeds to construct, purchase, acquire, improve, enlarge and equip property, buildings, structures, activities, services, operations and other facilities, including roads and other related property, as well as to refund existing notes; pricing Aug. 20.

• $48,925,000 series 2013A bonds due 2014 to 2033

• $103,615,000 series 2013B taxable bonds due 2014 to 2037

On the Horizon

AHS HOSPITAL CORP. (NEW JERSEY): $112 million series 2013 taxable bonds (A1/A+/); negotiated; Goldman, Sachs & Co. (lead); proceeds for general corporate purposes for the corporation's hospitals.

CALIFORNIA INFRASTRUCTURE AND ECONOMIC DEVELOPMENT BANK/CALIFORNIA INDEPENDENT SYSTEM OPERATOR CORPORATION PROJECT: $195,805,000 series 2013 refunding revenue bonds (A1/A/AA-); negotiated; RBC Capital Markets LLC and Citigroup Global Markets Inc. (lead); bonds due 2015 to 2030 with term bonds due 2034 and 2039; proceeds to advance refund the development bank's series 2009A revenue bonds.

CALIFORNIA INFRASTRUCTURE AND ECONOMIC DEVELOPMENT BANK/LOS ANGELES COUNTY MUSEUM OF ART: $240 million of series 2013 refunding revenue bonds (A3//); negotiated; Wells Fargo Securities LLC and Mitsubishi UFJ Securities (USA) Inc.; mandatory tender for purchase on Aug. 1, 2018; proceeds to refund and redeem the outstanding series 2008A, 2008B, 2008C, 2008D and 2008E refunding revenue bonds.

• $80 million of series 2013A bonds

• $80 million of series 2013B bonds

• $80 million of series 2013C bonds

CHARLESTON COUNTY AIRPORT DISTRICT (SOUTH CAROLINA): $174.03 million series 2013 airport revenue bonds (A1/A/); negotiated; BofA Merrill Lynch (lead); Raymond James/Morgan Keegan and Wells Fargo Securities LLC (co-managers); proceeds to make renovations to the airport, including a new centralized security checkpoint.

• $144,485,000 series 2013A AMT bonds due 2017 to 2033 with term bonds due 2038 and 2041

• $29,545,000 series 2013B non-AMT bonds due July 1, 2043

CHICAGO O'HARE INTERNATIONAL AIRPORT: $247.27 million series 2013 customer facility charge senior lien revenue bonds (Baa1/BBB/); negotiated; BofA Merrill Lynch (lead); Estrada Hinojosa & Co. Inc., Raymond James/Morgan Keegan, Academy Securities Inc., North South Capital LLC, Backstrom McCarley Berry & Co. LLC, US Bancorp Investments Inc., BMO Capital Markets LLC and The Williams Capital Group LP (co-managers); bonds due 2018 to 2033 with term bonds due in 2038 and 2043; proceeds to finance capital projects as well as the construction and extension of the airport's transit project.

DORMITORY AUTHORITY OF THE STATE OF NEW YORK/STATE UNIVERSITY OF NEW YORK: $526.68 million series 2013A revenue bonds (Aa3/A+/A+); negotiated; BofA Merrill Lynch and Siebert Brandford Shank & Co. LLC (lead); Barclays, Jefferies & Co., J.P. Morgan Securities LLC, M&T Securities Inc., Ramirez & Co. Inc., Raymond James/Morgan Keegan, RBC Capital Markets LLC, Rice Financial Products Co., Stifel, Nicolaus & Co. and Wells Fargo Securities LLC (co-managers); proceeds to finance one year of the university's capital program to construct and renovate dormitory facilities.

DISTRICT OF COLUMBIA/NATIONAL LAW ENFORCEMENT MUSEUM: $99.43 million series 2013 revenue bonds; negotiated; H.J. Sims & Co. (lead); proceeds to reimburse the city for the costs associated with constructing, equipping and furnishing the National Law Enforcement Museum at 444 E Street in Washington, D.C.

• $77.98 million series 2013A bonds due 2023, 2033 and 2048

• $21.45 million series 2013B bonds due 2048

GEISINGER HEALTH SYSTEM (PENNSYLVANIA): $284.4 million series 2013 taxable bonds (Aa2/AA/); negotiated; J.P. Morgan Securities LLC and Wells Fargo Securities LLC (lead); BofA Merrill Lynch (co-manager); proceeds for general corporate purposes.

GENESEE COUNTY (MICHIGAN): $54.18 million series 2013 water supply system revenue bonds (A2/A+/); negotiated; J.P. Morgan Securities LLC (lead); Wells Fargo Securities LLC and Stifel, Nicolaus & Co. (co-managers); proceeds to acquire a piece of property adjacent to Lake Huron in Sanilac County, as well as to construct a raw water intake facility and refund the county's series 2003 and 2003B G.O. bonds.

KENTUCKY HIGHER EDUCATION STUDENT LOAN CORP.: $563 million series 2013-2 student loan asset-backed notes (/AA(sf)/AAAsf); negotiated; BofA Merrill Lynch (lead); notes due Feb. 1, 2030; proceeds to fund the cancellation of existing debt under a 2008 indenture and fund student loans.

KERN COMMUNITY COLLEGE DISTRICT (CALIFORNIA): $98,985,000 series 2013 general obligation bonds (Aa2); negotiated; Piper Jaffray & Co. (lead); proceeds to finance capital projects for the district, as well as to refund existing G.O. debt.

• $54,805,000 series 2013C G.O. bonds

• $10,375,000 series 2013 G.O. refunding bonds

• $33,805,000 series 2013 taxable G.O. refunding bonds

LOUISIANA STATE BOND COMMISSION/BIONITROGEN LOUISIANA HOLDINGS LLC: $1.25 billion tax-exempt bonds; proceeds to construct five plants in Point Coupee Parish, La., to convert biomass into urea fertilizer.

METROPOLITAN SEWER DISTRICT OF GREATER CINCINNATI (OHIO): $430,505,000 series 2013 sewer system improvement and refunding revenue bonds (Aa2/AA+/); negotiated; Citigroup Global Markets Inc. (lead); proceeds to make capital improvements to the system, as well as to refund existing debt.

• $294.51 million series 2013A revenue bonds

• $135,995,000 series 2013B taxable refunding bonds

METROPOLITAN WATER DISTRICT OF SOUTHERN CALIFORNIA: $145.49 million series 2013 water revenue refunding bonds (Aa1/AAA/AA+); negotiated; Goldman, Sachs & Co. (lead for 2013A, 2013C); De La Rosa & Co. Inc., J.P. Morgan Securities LLC, Loop Capital Markets LLC and US Bancorp Inc. (co-managers for 2013A, 2013C); J.P. Morgan Securities LLC and Loop Capital Markets LLC (lead for 2013B); proceeds to refund existing water revenue bonds.

• $90.46 million series 2013A bonds due 2013 and 2018 to 2021

• $18.7 million series 2013B taxable bonds due 2018

• $13,505,000 series 2013C-1 bonds due 2027

• $14.02 million series 2013C-2 bonds due 2025

• $8,805,000 series 2013C-3 bonds due 2023

MICHIGAN FINANCE AUTHORITY/DETROIT SCHOOL DISTRICT: $92 million series 2013C state aid revenue notes (/SP-1/); negotiated; J.P. Morgan Securities LLC and Loop Capital Markets LLC (lead); notes due Aug. 20, 2014; proceeds to finance capital improvements to Detroit schools.

MISSOURI HEALTH AND EDUCATIONAL FACILITIES AUTHORITY/BJC HEALTH SYSTEM: $255 million series 2013C health facilities revenue bonds (Aa2/AA/); negotiated; RBC Capital Markets LLC (lead); BMO Capital Markets LLC, BNY Mellon Capital Markets LLC, Edward D. Jones & Co. LP, Mitsubishi UFJ Securities and US Bancorp Investments Corp. (co-managers); bonds due 2017 to 2028 with term bonds due 2033 and 2039; proceeds to finance or reimburse the health system for costs related to the construction, acquisition, equipment and installation of improvements and additions to BJC Health System facilities.

MOON INDUSTRIAL DEVELOPMENT AUTHORITY (PENNSYLVANIA)/BAPTIST HOMES SOCIETY: $143.49 million series 2013 revenue bonds; negotiated; H.J. Sims & Co. (lead); bonds due 2023, 2033 and 2048; proceeds to refund the authority's series 2007 variable-rate Baptist Homes Society revenue bonds.

OHIO/OHIO HIGHER EDUCATIONAL FACILITY COMMISSION/OBERLIN COLLEGE: $55 million revenue bonds (Aa2/AA/); negotiated; Morgan Stanley & Co. LLC (lead); Wells Fargo Securities LLC (co-manager); proceeds to fund Oberlin College construction and renovation projects and to refund the outstanding series 2003 bonds.

OKLAHOMA WATER RESOURCES BOARD: $76,645,000 series 2013 revolving fund revenue bonds (Aaa/AAA/AAA); negotiated; BofA Merrill Lynch (lead); BOSC Inc., J.P. Morgan Securities LLC and Wells Nelson & Associates LLC (co-managers); proceeds to make subsidized loans to qualified local government entities for water development projects, as well as to refund the board's series 2003 revolving fund revenue bonds.

• $41.07 million series 2013A revolving fund revenue bonds due 2015 to 2043

• $35,575,000 series 2013B taxable revolving fund refunding revenue bonds due 2014 to 2025

ORANGE COUNTY SCHOOL BOARD (FLORIDA): $85.16 million series 2013A certificates of participation (Aa2//AA); negotiated; J.P. Morgan Securities LLC (lead); BofA Merrill Lynch, Citigroup Global Markets Inc., Jefferies & Co., Loop Capital Markets LLC, Raymond James/Morgan Keegan and Wells Fargo Securities LLC (co-managers); certificates due 2015 to 2029; proceeds to refund the board's series 2004A COPs.

PENNSYLVANIA HOUSING FINANCE AGENCY: $129.07 million series 2013-116 AMT single-family mortgage revenue bonds; negotiated; RBC Capital Markets LLC and BofA Merrill Lynch (lead); Barclays, George K. Baum & Co., Drexel Hamilton LLC, Janney Montgomery Scott LLC, J.P. Morgan Securities LLC, Loop Capital Markets LLC, Morgan Stanley & Co. LLC, PNC Capital Markets LLC, Quoin Capital LLC and Wells Fargo Securities LLC (co-managers); bonds due 2013 to 2024 with term bonds due in 2028, 2033, 2038, 2040 and 2043; proceeds to finance single-family mortgage loans to qualified Pennsylvania residents.

PRINCETON THEOLOGICAL SEMINARY (NEW JERSEY): $85 million series 2013 taxable bonds (Aa1/AAA/); negotiated; Morgan Stanley & Co. LLC (lead); Wells Fargo Securities LLC (co-manager); proceeds for general corporate purposes of the seminary, as well as to refund the seminary's series 2002G bonds and a line of credit.

PROVIDENCE HEALTH AND SERVICES (CALIFORNIA AND OREGON): $216,825,000 series 2013 revenue bonds (Aa2/AA/AA); negotiated; BofA Merrill Lynch (lead); proceeds to refund existing debt.

• $78.06 million series 2013A revenue bonds through the Oregon Facilities Authority

• $138,765,000 series 2013B revenue bonds through the California Health Facilities Financing Authority

PUBLIC FINANCE AUTHORITY (WISCONSIN): $51 million series 2013A Linda Paseo student housing senior revenue bonds; negotiated; Guggenheim Securities LLC (lead); proceeds to finance the construction of student housing connected to the Village Linda Paseo project.

RHODE ISLAND HEALTH AND EDUCATIONAL BUILDING CORP./ROGER WILLIAMS UNIVERSITY: $54.79 million series 2013 higher education facility revenue refunding bonds; negotiated; BofA Merrill Lynch (lead); Janney Montgomery Scott LLC, RBC Capital Markets LLC and US Bancorp Investment Co. (co-managers); bonds due 2014 to 2038; proceeds to refund the university's series 2003 and 2008B revenue bonds.

SAGINAW COUNTY (MICHIGAN): $60.55 million series 2013 general obligation limited tax pension obligation bonds (Aa3); negotiated; Fifth Third Securities Inc. (lead); BofA Merrill Lynch and Stifel, Nicolaus & Co. Inc. (co-managers); bonds due 2014 to 2028 with term bond due in 2033; proceeds to fund unfunded pension liabilities for state employees.

SOUTHWESTERN ILLINOIS DEVELOPMENT AUTHORITY/MEMORIAL GROUP INC.: $157.87 million series 2013 health facility revenue bonds (/BB+/); negotiated; Piper Jaffray & Co. and Barclays (lead); proceeds to finance the construction, acquire, equip and furnish a 94-bed hospital in Shiloh, Ill., and refund existing debt.

SPORTS AUTHORITY OF THE METROPOLITAN GOVERNMENT OF NASHVILLE AND DAVIDSON COUNTY (TENNESSEE): $60,495,000 series 2013 public improvement bonds (Aa2/AA-/); negotiated; Piper Jaffray & Co. (lead); Raymond James/Morgan Keegan and Loop Capital Markets LLC (co-managers); proceeds to construct, equip, renovate and improve recreational facilities, including an ice skating and hockey rink.

• $14.13 million series 2013A taxable public facility improvement revenue bonds due 2014 to 2028 with term bond due 2033

• $46,365,000 series 2013B taxable public improvement revenue refunding bonds due 2014 to 2026

TANGIPAHOA PARISH HOSPITAL SERVICE DISTRICT NO. 1/NORTH OAKS HEALTH SYSTEM (LOUISIANA): $66,245,000 series 2013 hospital revenue bonds (/BBB/); negotiated; Raymond James/Morgan Keegan (lead); proceeds to finance hospital improvements for North Oaks, as well as the refund the district's series 2003A revenue bonds.

• $55,445,000 series 2013A refunding bonds due 2014 to 2028

• $10.8 million series 2013B revenue bonds due 2031 and 2034

UNIVERSITY OF UTAH: $320 million series 2013A general revenue and refunding bonds (Aa1/AA/); negotiated; Goldman, Sachs & Co. and Barclays (lead); BofA Merrill Lynch and J.P. Morgan Securities LLC (co-managers); proceeds to construct and acquire university capital projects, as well as to refund existing debt.

UNIVERSITY OF WASHINGTON: $143.4 million series 2013 general revenue bonds (/AA+/); negotiated; J.P. Morgan Securities LLC and Barclays (lead); Wells Fargo Securities LLC (co-manager); bonds due 2014 to 2034 and 2040 to 2041; proceeds to finance housing and dining system expansions, a stadium renovation and a ballpark construction, as well as to repay commercial paper used to make those improvements.

VIRGINIA PUBLIC SCHOOL AUTHORITY/PRINCE WILLIAM COUNTY: $62.43 million series 2013 special obligation school facility bonds (Aaa/AAA/AAA); competitive; Public Financial Management Inc. (financial adviser); bonds due 2014 to 2033; proceeds to finance school capital expenditures in Prince William County.

© 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.