Municipal Calendar: Missouri Highways organizes $894.45 million bond offering

Week of May 19

CUYAHOGA COUNTY (OHIO): $230,885,000 series 2014 certificates of participation (Aa3/AA-/); negotiated; Stifel, Nicolaus & Co. Inc. (lead); proceeds to finance or reimburse the county for the construction of a convention center in downtown Cleveland; pricing week of May 19.

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.; pricing week of May 19.

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; pricing May 20.

• $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 TRUST FOR CULTURAL RESOURCES/AMERICAN NATURAL HISTORY MUSEUM: $152.16 million series 2014 refunding revenue bonds (Aa3/VMIG 1/AA/A-1+/); negotiated; Morgan Stanley & Co. LLC, BofA Merrill Lynch, J.P. Morgan Securities LLC, U.S. Bancorp Investments Inc. and Wells Fargo Securities LLC (lead for 2014A); Wells Fargo and Morgan Stanley (lead for 2014B-1); Morgan Stanley & Co. LLC (lead for 2014B-2); proceeds to refund existing debt; pricing week of May 19.

• $51.91 million series 2014A fixed-rate bonds due 2031 to 2034 with term bonds due 2037 and 2041

• $50,405,000 series 2014B-1 flexible-rate bonds due April 1, 2044

• $49,845,000 series 2014B-2 flexible-rate bonds due April 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; pricing week of May 19.

• $113.64 million series 2014A AMT revenue refunding bonds

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

May 21

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; pricing 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.

KANSAS DEVELOPMENT FINANCE AUTHORITY/KANSAS STATE UNIVERSITY: $135.45 million series 2014D revenue bonds (Aa2/AA-/); competitive; Columbia Capital Management LLC (financial adviser); proceeds to finance the construction and equipment of a new engineering department building, as well as to finance the construction and equipment of student housing at the university's Manhattan campus; pricing May 21.

• $19,515,000 series 2014D-1 Kansas State University College of Engineering project bonds due 2015 to 2029

• $115,935,000 series 2014D-2 Kansas State University housing project bonds due 2015 to 2044

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.

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; pricing May 21.

• $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; pricing May 217+.

OREGON: $68.39 million series 2014 higher education general obligation bonds; negotiated; BofA Merrill Lynch and Citigroup Global Markets Inc. (lead); Fidelity Capital Markets Inc.; Goldman, Sachs & Co.; J.P. Morgan Securities LLC; Morgan Stanley & Co. LLC; and RBC Capital Markets LLC (co-managers); proceeds to finance a variety of capital projects for the Oregon University System; pricing May 21.

• $63.84 million series 2014C tax-exempt bonds due 2015 to 2034 with term bonds due 2039 and 2043

• $4.55 million series 2014D taxable bonds due 2015 to 2033

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 May 21.

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; pricing May 21.

May 22

EAST BAY MUNICIPAL UTILITY DISTRICT (CALIFORNIA): $335,875,000 series 2014 water system revenue bonds (Aa1/AAA/AA+); negotiated; Wells Fargo Securities LLC (lead for 2014A); J.P. Morgan Securities LLC (lead for 2014B); proceeds to refund the district's series 2005A bonds for debt service savings; pricing May 22.

• $131.05 million series 2014A water system refunding revenue bonds

• $204,825,000 series 2014B water system refunding revenue bonds

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.

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.

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.

HARRIS COUNTY CULTURAL EDUCATION FACILITIES FINANCE CORP. (TEXAS)/MEMORIAL HERMANN HEALTH SYSTEM: $221,105,000 series 2014 hospital revenue bonds (A1/A+/); negotiated; J.P. Morgan Securities LLC (lead for 2014A, sole for 2014B); BofA Merrill Lynch, Citigroup Global Markets Inc., Goldman, Sachs & Co., Loop Capital Markets LLC, RBC Capital Markets LLC and Wells Fargo Securities LLC (co-managers for 2014A); proceeds to acquire, equip, construct, renovate and improve facilities operated by Memorial Hermann.

• $150,035,000 series 2014A bonds due 2016 to 2031

• $71.07 million series 2014B bonds due Dec. 1, 2042

HOLLAND SCHOOL DISTRICT (MICHIGAN): $57.84 million series 2014 unlimited tax general obligation refunding bonds; negotiated; The Huntington Investment Co. and Stifel, Nicolaus & Co. (lead); bonds due 2015 to 2035; proceeds to refund the district's series 2010B school building and site bonds.

JORDAN VALLEY WATER CONSERVANCY DISTRICT (UTAH): $50 million series 2014 water revenue and refunding bonds (/AA+/AA); negotiated; George K. Baum & Co. Inc. (lead); Stifel, Nicolaus & Co. Inc. (co-managers); proceeds to advance refund district's series 2005A water revenue bonds.

• $44.21 million series 2014A water revenue and refunding bonds due 2017 to 2045

• $5.79 million series 2014B water revenue refunding bonds due 2015 to 2017

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

MASSACHUSESTTS WATER POLLUTION ABATEMENT TRUST: $561.24 million series 2014 state revolving fund refunding bonds; negotiated; BofA Merrill Lynch (lead); Jefferies & Co.; Ramirez & Co.; Baird & Co.; Barclays; Cabrera Capital Markets LLC; CastleOak Securities LP; Citigroup Global Markets Inc.; Estrada Hinojosa & Co. Inc.; Fidelity Capital Markets Inc.; J.P. Morgan Securities LLC; Janney Montgomery Scott LLC; Lebenthal & Co. LLC; Mesirow Financial Inc.; Morgan Stanley & Co. LLC; Piper Jaffray & Co.; Raymond James/Morgan Keegan; Rice Financial Products Co.; Roosevelt & Cross Inc.; Siebert Brandford Shank & Co. LLC; Sterne, Agee & Leach Inc.; TD Securities (USA) LLC; U.S. Bancorp Investments Inc.; and Wells Fargo Securities LLC (co-managers); bonds due 2015 to 2031; proceeds to refund the trust's series 4, series 9, series 10, series 12, series 13 and series 14 pool program bonds, its series 1998A loan program bonds and its series 2004B pool program 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.

YSLETA INDEPENDENT SCHOOL DISTRICT (TEXAS): $80.08 million series 2014 unlimited tax refunding bonds; negotiated; BOSC Inc. (lead); Jefferies & Co., Ramirez & Co. Inc. and RBC Capital Markets LLC (co-managers); bonds due 2014 to 2030; proceeds to refund the district's series 2006 unlimited tax school building bonds.

© 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.