Municipal Calendar: New York City Housing preps $146.04 million bond deal

Week of April 21

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; pricing week of April 21.

• $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

NEW YORK CITY HOUSING DEVELOPMENT CORP.: $146,035,000 series 2014B multifamily revenue bonds (Aa2/AA/); negotiated; J.P. Morgan Securities LLC (lead); proceeds to finance multifamily mortgage loans; pricing week of April 21.

• $96,035,000 series 2014B-1 fixed-rate taxable bonds

• $50 million series 2014B-2 taxable Sifma index floating-rate 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; pricing week of April 21.

• $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; pricing week of April 21.

• $113.64 million series 2014A AMT revenue refunding bonds

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

Week of April 28

April 29

MONTGOMERY COUNTY (TENNESSEE): $55.89 million series 2014 general obligation refunding bonds; competitive; Stephens Inc. (financial adviser); bonds due 2017 to 2026; proceeds to refund the county's series 2005 G.O. public improvement and school bonds and series 2006 G.O. school and refunding bonds; pricing April 29.

May 1

VIRGINIA COLLEGE BUILDING AUTHORITY: $348,895,000 series 2014 revenue and refunding bonds; competitive; Public Resources Advisory Group and Strategic Solutions Center LLC (financial advisers); proceeds to finance capital projects and acquire equipment at higher education institutions within the state, as well as to refund a portion of outstanding education facilities revenue bonds; pricing May 1.

• $320,905,000 series 2014A educational facilities revenue bonds due 2015 to 2034

• $27.99 million series 2014B educational facilities revenue refunding bonds due 2015 to 2025

Week of May 5

MIAMI UNIVERSITY (OHIO): $134.9 million series 2014 general receipts revenue bonds (//AA); negotiated; proceeds to fund various infrastructure improvements, residence hall and dining facility renovations; pricing week of May 5.

On the Horizon

CALIFORNIA HEALTH FACILITIES FINANCING AUTHORITY/LUCILE SALTER PACKARD CHILDREN'S HOSPITAL: $100 million series 2014A revenue bonds; negotiated; Morgan Stanley & Co. LLC (sole); proceeds to finance the expansion and modernization of the hospital.

FREDERICKSBURG ECONOMIC DEVELOPMENT AUTHORITY (VIRGINIA)/MARY WASHINGTON HEALTHCARE OBLIGATED GROUP: $56,655,000 series 2014 hospital facilities revenue and refunding bonds (Baa1//BBB+); negotiated; BofA Merrill Lynch (lead); proceeds to refund the authority's series 2002B revenue bonds.

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

LIFE SCHOOL OF DALLAS (TEXAS): $89,605,000 series 2014 revenue bonds (/BBB-/); negotiated; RBC Capital Markets LLC (lead); proceeds to acquire land for the construction of a high school near Life School's Red Oak Secondary Campus and an educational building for classrooms and offices near its Red Oak Primary School Campus.

• $83.09 million series 2014A education revenue bonds through Arlington Higher Education Finance Corp. due 2015 to 2034 with term bond due 2039 and 2044

• $6,515,000 series 2014Q taxable qualified school construction bonds through Waxahachie Education Finance Corp. due Aug. 15, 2033

NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY: $200 million series 2014D adjustable-rate future tax secured tax-exempt subordinate bonds (Aa1/VMIG 1/AAA/A-1/AAA/F1); negotiated; BMO Capital Markets LLC (lead for 2014D-3) and PNC Capital Markets LLC (lead for 2014D-4); proceeds to finance general city capital expenditures.

• $100 million series 2014D-3 bonds due Feb. 1, 2044

• $100 million series 2014D-4 bonds due Feb. 1, 2044

NORTH EAST INDEPENDENT SCHOOL DISTRICT (TEXAS): $123.69 million series 2014A unlimited tax refunding bonds; negotiated; Citigroup Global Markets Inc. and Morgan Stanley & Co. LLC (lead); Estrada Hinojosa & Co. Inc., Jefferies & Co. and Raymond James/Morgan Keegan (co-managers); bonds due 2015 to 2033; proceeds to refund the district's series 2004 school building and refunding bonds.

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.

ROYAL OAK HOSPITAL FINANCE AUTHORITY (MICHIGAN)/WILLIAM BEAUMONT HOSPITAL OBLIGATED GROUP: $450 million series 2014D hospital revenue refunding bonds (A1/A/); negotiated; Morgan Stanley & co. LLC (lead); J.P. Morgan Securities LLC and PNC Capital Markets LLC (co-managers); proceeds to advance refund existing revenue bonds sold for the obligated group.

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