Municipal Calendar: Dormitory Authority preps $198.49 million bond offering

Week of May 12

CAMINO REAL REGIONAL MOBILITY AUTHORITY (TEXAS): $66.1 million series 2014 senior lien vehicle registration fee revenue bonds (/AA-/); negotiated; BofA Merrill Lynch (lead); Estrada Hinojosa & Co. Inc., Ramirez & Co. Inc. and Raymond James/Morgan Keegan (co-managers); proceeds to finance long-term transportation project; pricing week of May 12.

DENTON INDEPENDENT SCHOOL DISTRICT (TEXAS): $76,675,000 series 2014A unlimited tax school building bonds; negotiated; J.P. Morgan Securities LLC (lead); Raymond James/Morgan Keegan and Southwest Securities Inc. (co-managers); bonds due 2015 to 2038; proceeds to construct, equip, improve and repair school buildings within the district; pricing week of May 12.

DORMITORY AUTHORITY OF THE STATE OF NEW YORK: $198,495,000 series 2014 school districts revenue bond financing program revenue bonds; negotiated; RBC Capital Markets LLC and Jefferies & Co. (lead); Blaylock Robert Van LLC, Fidelity Capital Markets Inc., KeyBanc Capital Markets Inc., Mesirow Financial Inc., Morgan Stanley & Co. LLC, Oppenheimer & Co. Inc., Ramirez & Co. Inc., Raymond James/Morgan Keegan and Roosevelt & Cross Inc.; proceeds to finance capital improvements and equipment for school districts within the state; pricing week of May 12.

• $153,655,000 series 2014A bonds (/A+/A+)

• $6.68 million series 2014B bonds (Aa3//A+)

• $28,995,000 series 2014C bonds (/AA/A+)

• $9,165,000 series 2014D bonds (Aa2//A+)

UNIVERSITY OF MASSACHUSETTS BUILDING AUTHORITY: $157,955,000 series 2014-4 taxable refunding revenue bonds (Aa2/AA-/AA); negotiated; Ramirez & Co. Inc. and Wells Fargo Securities LLC (lead); BofA Merrill Lynch, Barclays, Cabrera Capital Markets LLC, Citigroup Global Markets Inc., Drexel Hamilton LLC, Fidelity Capital Markets Inc., J.P. Morgan Securities LLC, Janney Montgomery Scott LLC, Jefferies & Co., Lebenthal & Co. LLC, Loop Capital Markets LLC, Morgan Stanley & Co. LLC, Piper Jaffray & Co., Raymond James/Morgan Keegan and Roosevelt & Cross Inc. (co-managers); proceeds to refund the authority's series 2005-2 senior refunding revenue bonds; pricing week of May 12.

Week of May 19

May 20

NEW MEXICO: $199,165,000 series 2014A severance tax bonds; competitive; Fiscal Strategies Group Inc. (financial adviser); bonds due 2015 to 2024; proceeds to finance capital improvements approved by the state legislature; pricing May 20.

SOUTH CAROLINA: $128,565,000 series 2014 general obligation bonds; competitive; proceeds to reimburse the universities for capital projects, as well as to refund the state's series 2005A highway G.O. bonds; pricing May 20.

• $16,735,000 series 2014A G.O. state institution bonds for University of South Carolina due 2015 to 2034

• $36,395,000 series 2014B G.O. state institution bonds for Clemson University due 2015 to 2034

• $75,345,000 series 2014A G.O. highway refunding bonds due 2014 to 2022

May 21

DALLAS AND FORT WORTH (TEXAS)/DALLAS/FORT WORTH INTERNATIONAL AIRPORT: $192.16 million series 2014B AMT joint revenue improvement bonds (/A+/A); negotiated; Raymond James/Morgan Keegan and Cabrera Capital Markets LLC (lead); Loop Capital Markets LLC and Morgan Stanley & Co. LLC (co-managers); bonds due 2021 to 2034 with term bonds due 2039 and 2045; proceeds to finance improvements and expansions to the airport; pricing May 21.

FULTON COUNTY (GEORGIA): $200 million series 2014 general fund tax anticipation notes (/SP-1+/F1+); competitive; Public Financial Management Inc. (financial adviser); notes due Dec. 31, 2014; proceeds to finance the county's capital expenditures for the 2014 calendar year; pricing May 21.

MASSACHUSETTS: $200 million series 2014B taxable consolidated loan general obligation bonds; competitive; Public Resources Advisory Group (financial adviser); bonds due 2015 to 2024; proceeds to finance capital expenditures for the commonwealth; pricing May 21.

On the Horizon

ALABAMA PUBLIC SCHOOL AND COLLEGE AUTHORITY: $82,655,000 series 2014A capital improvement refunding bonds (Aa1/AA/AA+); negotiated; The Frazer Lanier Co. Inc. (lead); Joe Jolly & Co. Inc., Merchant Capital LLC and Benchmark Securities LLC (co-managers); bonds due 2015 to 2026; proceeds to refund the authority's series 2005 capital improvement bonds.

CLEVELAND COUNTY EDUCATIONAL FACILITIES AUTHORITY (OKLAHOMA): $91.85 million series 2014 educational facilities lease revenue bonds; negotiated; D.A. Davidson & Co. (lead); bonds due 2015 to 2019; proceeds to finance capital improvements to educational facilities within the county.

CONNECTICUT: $650 million series 2014C general obligation refunding bonds; negotiated; Morgan Stanley & Co. LLC (lead); Barclays, Loop Capital Markets LLC, Raymond James/Morgan Keegan, Roosevelt & Cross Inc., Baird & Co., Cabrera Capital Markets LLC, CastleOak Securities LP, Citigroup Global Markets Inc., Edward D. Jones & Co. LP, Janney Montgomery Scott LLC, Prager & Co. LLC, Rice Financial Products Co., Siebert Brandford Shank & Co. LLC, Sterne, Agee & Leach Inc., Stifel, Nicolaus & Co. Inc., TD Securities (USA) LLC, The Williams Capital Group LP and William Blair & Co. (co-managers); bonds due 2014 to 2025; proceeds to refund state's series 2004B and 2005C-D G.O. bonds.

CONTRA COSTA WATER DISTRICT (CALIFORNIA): $100 million series T water revenue refunding bonds (/AA+/AA); negotiated; Raymond James/Morgan Keegan (lead); Citigroup Global Markets Inc. and Goldman, Sachs & Co. (co-managers); proceeds to advance refund the district's series N water revenue bonds.

DECATUR HOSPITAL AUTHORITY (TEXAS)/WISE REGIONAL HEALTH SYSTEM: $98,255,000 series 2014A hospital revenue bonds (/BB+/BB+); negotiated; BofA Merrill Lynch and Cain Brothers (lead); proceeds to construct, equip and improve hospital facilities, as well as refund the authority's series 2004A revenue bonds.

ILLINOIS FINANCE AUTHORITY/CENTEGRA HEALTH SYSTEM; $134,715,000 series 2014A revenue bonds (/BBB/BBB); negotiated; J.P. Morgan Securities LLC (underwriter); proceeds to reimburse the corporation for the construction and equipment of a new hospital in Huntley, Ill.

MASSACHUSETTS: $60 million series 2014 consolidated loan general obligation MassDirect notes (Aa1/AA+/AA+); negotiated; Citigroup Global Markets Inc. (lead); proceeds to finance capital expenditures for the commonwealth.

• $30 million series 2014-5 notes due June 1, 2017, June 1, 2019 and June 1, 2024

• $30 million series 2014-6 notes due June 1, 2016, June 1, 2018 and June 1, 2023

MASSACHUSETTS EDUCATIONAL FINANCING AUTHORITY: $184.8 million series 2014 AMT education loan revenue bonds (/AA(sf)/); negotiated; Morgan Stanley & Co. LLC (lead); BofA Merrill Lynch and J.P. Morgan Securities LLC (co-managers); proceeds to finance education loans.

MEMPHIS (TENNESSEE): $84.15 million series 2014 electric and water system revenue bonds; negotiated; Raymond James/Morgan Keegan (lead); Duncan-Williams Inc., Loop Capital Markets LLC and SunTrust Robinson Humphrey (co-managers); proceeds to finance the expansion, improvement and equipment of the city's electric and water systems.

• $69,635,000 series 2014 electric system bonds (Aa2/AA+/)

• $14,515,000 series 2014 water system bonds (Aa1/AAA/)

MISSOURI HEALTH AND EDUCATIONAL FACILITIES AUTHORITY/LUTHERAN SENIOR SERVICES: $82.4 million series 2014A senior living facilities revenue bonds (//BBB+); negotiated; Ziegler Inc. (lead); bonds due 2015 to 2026; proceeds to make a loan to Lutheran Senior Services for the construction and equipment of new senior living facilities, as well as to refund the authority's series 2004 and 2008 revenue bonds.

MISSOURI HEALTH AND EDUCATIONAL FACILITIES AUTHORITY/SSM HEALTH CARE: $300 million series 2014 health facilities variable-rate revenue bonds (/A+/A-1/AA-/F1+); negotiated; Citigroup Global Markets Inc. (for 2014B-E bonds), Goldman, Sachs & Co. (for 2014B-C bonds), Wells Fargo Securities LLC (for 2014F-G bonds) and Barclays (for 201G bonds); proceeds to finance capital improvements and restructure existing debt for the health care system.

• $50 million series 2014B bonds due June 1, 2041

• $50 million series 2014C bonds due June 1, 2041

• $50 million series 2014D bonds due June 1, 2044

• $50 million series 2014E bonds due June 1, 2044

• $50 million series 2014F bonds due June 1, 2044

• $50 million series 2014G bonds due June 1, 2044

MISSOURI HIGHWAYS AND TRANSPORTATION COMMISSION: $894.45 million series 2014 refunding state road bonds; negotiated; BofA Merrill Lynch (lead); Jefferies & Co., Wells Fargo Securities LLC, Barclays, Edward D. Jones & Co. LP, George K. Baum & Co., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, Siebert Brandford Shank & Co. LLC, Stern Brothers & Co., Stifel, Nicolaus & Co. and Valdes & Moreno Inc. (co-managers); proceeds to refund the commission series 2006 bonds.

• $581.98 million series 2014A first-lien bonds (Aaa/AAA/AAA) due 2017 to 2026

• $312.47 million series 2014B second-lien bonds (Aa1/AAA/AA+) due 2018 to 2025

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

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.

UNIVERSITY OF MASSACHUSETTS BUILDING AUTHORITY: $63,865,000 series 2014-3 tax-exempt senior refunding revenue bonds (Aa2/AA-/AA); negotiated; Wells Fargo Securities LLC, Ramirez & Co. Inc. and Jefferies & Co. (lead); BofA Merrill Lynch, Barclays, Cabrera Capital Markets LLC, Citigroup Global Markets Inc., Drexel Hamilton LLC, Fidelity Capital Markets Inc., J.P. Morgan Securities LLC, Janney Montgomery Scott LLC, Lebenthal & Co. Inc., Loop Capital Markets LLC, Morgan Stanley & Co. LLC, Raymond James/Morgan Keegan, Roosevelt & Cross Inc. and Piper Jaffray & Co. (co-managers); proceeds to refund the authority's series 2005D revenue bonds issued through the Massachusetts Health and Educational Facilities Authority.

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