Municipal Calendar: California organizes $750 million general obligation bonds

Week of April 21

April 22

CALIFORNIA: $750 million series 2014 various purpose general obligation bonds (A1/A/A); competitive; Public Resources Advisory Group LLC (financial adviser); proceeds to finance capital projects within the state and repay commercial paper; pricing April 22.

• $575 million series 2014 tax-exempt bonds due 2015 to 2032 with term bond due 2044

• $175 million series 2014 taxable bonds due May 1, 2019

CHARLESTON COUNTY SCHOOL DISTRICT (SOUTH CAROLINA): $84,415,000 series 2014 general obligation bond anticipation notes (MIG 1); competitive; Haynsworth, Sinkler & Boyd (financial adviser); proceeds to finance capital projects and repay the district's series 2013B BANs; pricing April 22.

• $34.55 million series 2014A notes due Nov. 4, 2014

• $49,865,000 series 2014B notes due May 6, 2015

DENVER HEALTH AND HOSPITAL AUTHORITY (COLORADO): $90,195,000 series 2014 health care revenue bonds (/BBB/BBB+); negotiated; Piper Jaffray & Co. and D.A. Davidson & Co. (lead); Loop Capital Markets LLC and Stifel, Nicolaus & Co. LLC (co-managers); proceeds to finance capital improvements to the authority's Southwest Clinic, renovations to the Westside Clinic and improvements to the main campus, all located in Denver; pricing April 22.

• $73,205,000 series 2014A bonds due 2028, 2031, 2036 and 2045

• $16.99 million series 2014B taxable bonds due 2016 to 2026

MESQUITE INDEPENDENT SCHOOL DISTRICT (TEXAS): $82.39 million series 2014 unlimited tax school building bonds (/AA/AA+); negotiated; Raymond James/Morgan Keegan (lead); Oppenheimer & Co., Southwest Securities Inc. and BOSC Inc. (co-managers); proceeds to construct, renovate, acquire and equip school buildings in the district, as well as to refund the district's series 2004A, 2005 and 2005A bonds; pricing April 22.

• $24,175,000 series 2014A unlimited tax school building bonds due 2015 to 2039

• $58,215,000 series 2014B unlimited tax refunding bonds due 2014 to 2030

PENNSYLVANIA TURNPIKE COMMISSION: $209.8 million series 2014A revenue bonds; negotiated; proceeds to finance turnpike capital projects; pricing April 22.

• $150 million series 2014A turnpike subordinate revenue bonds (//A-)

• $59.8 million series 2014A motor license fund-enhanced turnpike subordinate revenue special bonds (//AA)

PHILADELPHIA MUNICIPAL AUTHORITY (PENNSYLVANIA): $55,135,000 series 2014 city service agreement revenue bonds (A2/A+/A-); competitive; Public Financial Management Inc. and Acacia Financial Group Inc. (financial advisers); proceeds to demolish, renovate, construct and improve the city's public safety services campus, as well as to construct parking accommodations for the facility; pricing April 22.

• $4.05 million series 2014A taxable bonds

• $51,085,000 series 2014B tax-exempt bonds

TRAVIS COUNTY (TEXAS): $84,825,000 series 2014 certificates of obligation and bonds (Aaa/AAA/); competitive; D. Ladd Pattillo & Associates (financial adviser); proceeds to install, equip, improve and construct capital improvements throughout the county, as well as to finance improvements to county parks and recreational facilities; pricing April 22.

• $38.99 million series 2014 certificates of obligation due 2015 to 2034

• $4.95 million series 2014 state highway system bonds due 2015 to 2034

• $15,665,000 series 2014 permanent improvement bonds due 2015 to 2034

• $25.22 million series 2014 unlimited tax road bonds due 2015 to 2034

April 23

DENTON (TEXAS): $90,255,000 series 2014 certificates of obligation (/AA/AA+); competitive; First Southwest Co. (financial adviser); bonds due 2015 to 2044; proceeds to acquire vehicles and equipment and to acquire, construct, install and equip additions, extensions, renovations and improvements to the city's solid waste disposal system, including the acquisition of land for a landfill; renovations to existing municipal buildings; acquisition of vehicle and equipment for the fire, police, building inspections, animal services, streets and traffic control, facilities management and park and recreation departments; constructing and improving streets; and making other capital improvements; pricing April 23.

MUKILTEO SCHOOL DISTRICT NO. 6 (WASHINGTON): $58.89 million series 2014 unlimited tax general obligation bonds (Aa2); competitive; A. Dashen & Associates (financial adviser); bonds due 2015 and 2026 to 2033; proceeds to finance capital construction projects and improvements to educational facilities in the district; pricing April 23.

REGIONAL TRANSPORTATION AUTHORITY (ILLINOIS): $225 million series 2014A-1 taxable general obligation working cash notes; competitive; Acacia Financial Group (financial adviser); proceeds to manage the authority's cash flow needs; pricing April 23.

On the Horizon

CLARION COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY/CLARION UNIVERSITY (PENNSYLVANIA): $61.35 million series 2014 student housing revenue bonds and bond anticipation notes (Baa3/MIG 1); negotiated; Raymond James/Morgan Keegan (lead); proceeds to finance the construction, rehabilitation and furnishing of student housing at Clarion University.

• $13,855,000 series 2014A bonds due 2019 to 2025

• $2,495,000 series 2014B bonds

• $45 million series 2014C-1 bond anticipation notes due May 1, 2016

FLORIDA HOUSING FINANCE CORP.: $71.07 million series 2014 homeowner mortgage revenue bonds; negotiated; RBC Capital Markets LLC (lead); Citigroup Global Markets Inc., Morgan Stanley & Co. LLC, BofA Merrill Lynch, George K. Baum & Co., Janney Montgomery Scott LLC and Raymond James/Morgan Keegan (co-managers); proceeds to finance single-family mortgage loans to qualified Florida residents.

• $21.07 million series 2014A taxable bonds due 2017 to 2024 with term bonds due 2029, 2034, 2039, 2045 and 2046

• $50 million series 2014B non-AMT bonds due Jan. 1, 2036

GEORGETOWN UNIVERSITY (DISTRICT OF COLUMBIA): $100 million series 2014 taxable fixed-rate bonds (A3/A-/); negotiated; J.P. Morgan Securities LLC (lead); bonds due April 1, 2044; proceeds to finance the expansion of the university's School of Continuing Studies; to purchase, install and equip student housing; and to install a new cooling tower, as well as to make other capital improvements at the university.

INLAND VALLEY DEVELOPMENT SUCCESSOR AGENCY (CALIFORNIA): $270 million series 2014 tax allocation refunding bonds (/A-/); negotiated; Barclays (lead); proceeds to repay outstanding loans and refund the agency's series 2011B-C bonds.

• Series 2014A tax-exempt bonds

• Series 2014B taxable bonds

LAMAR CONSOLIDATED INDEPENDENT SCHOOL DISTRICT (TEXAS): $89,895,000 series 2014A variable-rate unlimited tax schoolhouse bonds (Aaa/AAA/); negotiated; BOSC Inc. (lead); Raymond James/Morgan Keegan, Piper Jaffray & Co., RBC Capital Markets LLC, Southwest Securities Inc. and Wells Fargo Securities LLC (co-managers); bonds due Aug. 15, 2047; proceeds to construct, renovate and improve existing and new school buildings in the district, purchase land for school construction and purchase buses.

LONG BEACH (CALIFORNIA): $60.02 million series harbor revenue refunding bonds (/AA/AA); negotiated; Citigroup Global Markets Inc. (lead); Loop Capital Markets LLC and Stifel, Nicolaus & Co. LLC (co-managers); proceeds to refund the city's series 2002B and 2004A harbor revenue bonds.

• $39,005,000 series 2014A AMT bonds due 2015 to 2017

• $21,015,000 series 2014B non-AMT bonds due 2017 to 2018 and 2023 to 2027

MASSACHUSETTS: $60 million consolidated loan of 2014 MassDirect notes (Aa1/AA+/AA+); negotiated; Citigroup Global Markets Inc. (lead); proceeds to finance capital projects.

• $30 million series 3 notes due May 1, 2017, May 1, 2019 and May 1, 2024

• $30 million series 4 notes due May 1, 2016, May 1, 2018 and May 1, 2023

MIDTOWN MIAMI COMMUNITY DEVELOPMENT DISTRICT (FLORIDA): $91 million series 2014 special assessment and revenue bonds; negotiated; Citigroup Global Markets Inc. and FMS Bonds Inc. (lead); proceeds to refund the district's series 2004A-B revenue bonds, which were issued to finance the construction of a parking facility, as well as public open space, roadways, water and sewer facilities.

• $65 million series 2014A parking garage project special assessment and revenue refunding bonds

• $26 million series 2014B infrastructure project special assessment refunding bonds

MISSOURI HEALTH AND EDUCATIONAL FACILITIES AUTHORITY/SSM HEALTH CARE: $232,875,000 series 2014A health care revenue bonds (/A+/AA-); negotiated; Goldman, Sachs & Co. and Citigroup Global Markets Inc. (lead); BofA Merrill Lynch, Barclays and J.P. Morgan Securities LLC (co-managers); bonds due 2020 to 2033; proceeds to finance and refinance capital improvements for the authority, as well as to refinance debt.

OHIO: $339.56 million series 2014 water pollution control loan fund revenue bonds; negotiated; Morgan Stanley & Co. LLC and Piper Jaffray & Co. (lead); Duncan-Williams Inc., The Huntington Investment Co., Lebenthal & Co. LLC, Loop Capital Markets LLC, Mesirow Financial Inc. and Wells Fargo Securities LLC (co-managers); bonds due 2018 to 2024; proceeds to make loans to qualified local government units for water pollution control projects, as well as to refund the state's series 2013A water pollution control loan fund notes.

PALM BEACH COUNTY HEALTH FACILITIES AUTHORITY/SINAI RESIDENCES OF BOCA RATON (FLORIDA): $189,885,000 series 2014 revenue bonds; negotiated; H.J. Sims & Co. (lead); proceeds to fund a loan to Sinai Residences of Boca Raton for capital improvements to the corporation's facilities, as well as to refund existing notes.

• $120,885,000 series 2014A bonds due 2024, 2034 and 2049

• $14 million series 2014B entrance fee principal redemption bonds due 2023

• $55 million series 2014C entrance fee principal redemption bonds due 2021

POLK COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY/BAYCARE HEALTH (FLORIDA): $100 million series 2014A health system revenue bonds (Aa2//AA); negotiated; J.P. Morgan Securities LLC (lead for 2014A-1) and Morgan Stanley & Co. LLC (lead for 2014A-2); bonds due Nov. 15, 2044; proceeds to finance and reimburse the health system for capital improvements to St. Joseph Hospital in Hillsborough County, Fla., as well as to repay an interim loan used for capital projects at Winter Haven Hospital in Winter Haven, Fla.

• $50 million series 2014A-1 bonds

• $50 million series 2014A-2 bonds

POLLUTION CONTROL FINANCING AUTHORITY OF GLOUCESTER COUNTY (NEW JERSEY): $66,795,000 series 2014 pollution control revenue refunding bonds; negotiated; Morgan Stanley & Co. LLC (lead); proceeds to refund authority's series 1992 revenue bonds.

• $63.81 million series 2014A AMT revenue refunding bonds

• $2,985,000 series 2014B taxable pollution revenue bonds due Dec. 1, 2019

POLLUTION CONTROL FINANCING AUTHORITY OF SALEM COUNTY (NEW JERSEY): $118,865,000 series 2014 pollution control revenue refunding bonds; negotiated; Morgan Stanley & Co. LLC (lead); proceeds to refund the authority's series 1991 New Jersey Economic Development Authority revenue bonds.

• $113.64 million series 2014A AMT revenue refunding bonds

• $5,225,000 series 2014B taxable pollution control revenue bonds due Dec. 1, 2019

PUBLIC FINANCE AUTHORITY/USA PLACE PARKING FACILITIES LLC (ARIZONA): $103.5 million series 2014 taxable parking revenue bonds; negotiated; KeyBanc Capital Markets LLC (lead); bonds due Feb. 1, 2021; proceeds to construct, equip, acquire and renovate a multilevel parking facility for the USA Place multi-use center anchored by a hotel and conference center in Tempe.

RHODE ISLAND: $79.45 million series 2014A consolidated capital development loan general obligation bonds (Aa2/AA/AA); negotiated; Janney Montgomery Scott LLC and Citigroup Global Markets Inc. (lead); Fidelity Capital Markets Inc., Oppenheimer & Co. Inc., Roosevelt & Cross Inc., Ramirez & Co. Inc. and TD Securities (USA) LLC (co-managers); bonds due 2014 to 2025; proceeds to refund the state's series 2004A, 2005C, 2005E, 2006B-C and 2007A G.O. bonds.

TEXAS PUBLIC FINANCE AUTHORITY: $700,205,000 series 2014 unemployment compensation obligation assessment revenue refunding bonds (Aaa/AAA/AAA); negotiated; BofA Merrill Lynch and Estrada Hinojosa & Co. Inc. (lead); Citigroup Global Markets Inc.; Goldman, Sachs & Co.; Loop Capital Markets LLC; Morgan Stanley & Co. LLC; Raymond James/Morgan Keegan; RBC Capital Markets LLC; Siebert Brandford Shank & Co. LLC; and Wells Fargo Securities LLC (co-managers); proceeds to refund the authority's series 2010A-B revenue bonds.

• $533,525,000 series 2014A bonds due 2015 to 2018

• $166.68 million series 2014B bonds due July 1, 2018

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