E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 5/30/2014 in the Prospect News Municipals Daily.

Municipal Calendar: Regional Transportation Authority to sell $431.16 million

Week of June 2

CHICAGO PARK DISTRICT (ILLINOIS): $207.82 million series 2014 limited tax general obligation bonds; negotiated; Mesirow Financial Inc. (lead); Siebert Brandford Shank & Co. LLC, Citigroup Global Markets Inc., William Blair & Co. Inc., Lebenthal & Co. LLC and Drexel Hamilton LLC (co-managers); proceeds to finance the construction, improvement and equipment of parks within the district, as well as to refund existing G.O. debt; pricing week of June 2.

• $41,275,000 series 2014A limited tax park G.O. bonds

• $93,035,000 series 2014B limited tax refunding G.O. bonds

• $46.93 million series 2014C limited tax refunding G.O. bonds

• $26.58 million series 2014D limited tax refunding G.O. bonds

LONG BEACH (CALIFORNIA): $325 million series 2014C harbor revenue short-term notes (/AA/AA); negotiated; Citigroup Global Markets Inc. and Goldman, Sachs & Co. (lead); notes due Nov. 15, 2018; proceeds to finance or refinance the costs of the reconstruction of the Gerald Desmond Bridge; pricing week of June 2.

MIAMI-DADE COUNTY EXPRESSWAY AUTHORITY (FLORIDA): $340 million series 2014A toll system revenue bonds (A3/A-/A-); negotiated; Morgan Stanley & Co. LLC and Citigroup Global Markets Inc. (lead); RBC Capital Markets LLC and Rice Financial Products Co. (co-managers); proceeds to finance improvements to the toll system as part of the authority's five-year plan; pricing week of June 2.

PHOENIX UNION HIGH SCHOOL DISTRICT (ARIZONA): $145,445,000 series 2014 school improvement and refunding bonds (Aa2/AA/); negotiated; Citigroup Global Markets Inc. (lead); Piper Jaffray & Co., RBC Capital Markets LLC and Hutchinson Shockey Erley & Co. (co-managers); proceeds to refund the district's series 2004A, 2005B and 2006C school bonds, as well as to finance capital improvements to various school facilities; pricing week of June 2.

• $75 million series 2014C school improvement bonds due 2016 to 2028

• $70,445,000 series 2014 refunding bonds due 2015 to 2025

REGIONAL TRANSPORTATION AUTHORITY (COLORADO): $431.16 million series 2014A certificates of participation (A3/A/A); negotiated; J.P. Morgan Securities LLC, Piper Jaffray & Co. and BMO Capital Markets LLC (lead); Loop Capital Markets LLC and Harveston Securities Inc. (co-managers); bonds due 2023 to 2034 with term bonds due 2039 and 2044; proceeds to finance the construction, acquisition and installation of a portion of the North Metro Rail Line in Denver, including the purchase of easements and rights-of-way; pricing week of June 2.

June 2

VENTURA COUNTY (CALIFORNIA): $140 million series 2014-2015 tax and revenue anticipation notes (MIG 1/SP-1+/); competitive; Fieldman, Rolapp & Associates (financial adviser); notes due July 1, 2015; proceeds to finance capital expenditures for the county in the coming fiscal year; pricing June 2.

June 3

CHICAGO (ILLINOIS): $110 million series 2013, issue of June 2014 motor fuel tax refunding revenue bonds (Baa1/AA+/BBB+); negotiated; Loop Capital Markets LLC (lead); BMO Capital Markets LLC, Cabrera Capital Markets LLC, Baird & Co., Blaylock Beal Van LLC, BNY Mellon Capital Markets LLC, Mischler Financial Group, Oppenheimer & Co. Inc. and Rockfleet (co-managers); proceeds to refund a portion of the city's series 2003 motor fuel tax revenue bonds; pricing June 3.

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; pricing June 3.

JACKSONVILLE ELECTRIC AUTHORITY (FLORIDA): $63 million issue three, series eight St. Johns River Power Park revenue bonds (Aa2/AA-/AA); negotiated; BofA Merrill Lynch and Citigroup Global Markets Inc. (lead); Barclays; BMO Capital Markets LLC; Goldman, Sachs & Co.; Jefferies & Co.; Jefferies & Co.; J.P. Morgan Securities LLC; Loop Capital Markets LLC; Morgan Stanley & Co. LLC; Piper Jaffray & Co.; Raymond James/Morgan Keegan; RBC Capital Markets LLC; U.S. Bancorp Investments Inc.; and Wells Fargo Securities LLC (co-managers); proceeds to refund the authority's issue three, series three St. Johns River Power Park revenue bonds; pricing June 3.

June 4

LOS ANGELES COUNTY REGIONAL FINANCING AUTHORITY/MONTECEDRO INC. (CALIFORNIA): $143,665,000 series 2014 insured revenue bonds (/A/); negotiated; BofA Merrill Lynch and Ziegler Inc. (lead); proceeds to construct, renovate and equip an assisted living facility; pricing June 4.

• $48,165,000 series 2014A bonds due 2019 to 2029 with term bonds due 2034 and 2044

• $95.5 million series 2014B bonds due 2020 to 2021

SEATTLE (WASHINGTON): $96.19 million series 2014 solid waste revenue and refunding bonds (Aa3/AA/); competitive; Piper Jaffray & Co. and Seattle-Northwest Securities Corp. (financial adviser); bonds due 2015 to 2039; proceeds to finance various capital projects for the city's solid waste system; pricing June 4.

SPRING LAKE PUBLIC SCHOOLS (MICHIGAN): $54.26 million series 2014 school building and site general obligation bonds; negotiated; Stifel, Nicolaus & Co. Inc. (lead); bonds due 2017 to 2043; proceeds to construct additions to two elementary schools and a middle school, as well as to purchase school buses and make other capital improvements to schools within the district; pricing June 4.

VIRGINIA BEACH DEVELOPMENT AUTHORITY: $65.09 million series 2014 public facility revenue bonds (Aa2/AA+/AA); competitive; Public Resources Advisory Group (financial adviser); proceeds to finance various governmental capital improvements in the city, as well as to refund existing public facility bonds; pricing June 4.

• $44.83 million series 2014A public facility revenue bonds due 2015 to 2034

• $20.26 million series 2014B public facility revenue refunding bonds due 2016, 2020 and 2024 to 2025

June 5

ARIZONA SCHOOL FACILITIES BOARD: $226,385,000 series 2014 taxable refunding certificates of participation (A1/A+/); negotiated; BofA Merrill Lynch (lead); Citigroup Global Markets Inc., RBC Capital Markets LLC and Wells Fargo Securities LLC (co-managers); proceeds to refund the board's series 2005A-1, 2005A-2 and 2005A-3 certificates; pricing June 5.

• $110,865,000 series 2014A-1 certificates due 2014 to 2017

• $60.43 million series 2014A-2 certificates due 2016 and 2018

• $55.09 million series 2014A-3 certificates due 2015 to 2016 and 2019

BALTIMORE COUNTY (MARYLAND): $60,315,000 series 2014B general obligation bonds; competitive; Public Resources Advisory Group (financial adviser); proceeds to refund county's series 2004 refunding bonds; pricing June 5.

• $20,905,000 series 2014B metropolitan district refunding bonds due 2015 to 2019

• $39.41 million series 2014B consolidated public improvement bonds due 2015 to 2020

CLARK COUNTY (NEVADA): $104,035,000 series 2014B airport system subordinate-lien revenue notes (A2/A/); negotiated; Citigroup Global Markets Inc. (lead); BofA Merrill Lynch, RBC Capital Markets LLC and Siebert Brandford Shank & Co. LLC (co-managers); notes due July 1, 2018; proceeds to finance capital improvements to at the McCarran International Airport; pricing June 5.

METROPOLITAN ATLANTA RAPID TRANSIT AUTHORITY (GEORGIA): $273,795,000 series 2014A refunding and new money sales tax revenue bonds (/AA+/AA-); competitive; Public Financial Management Inc. and Pinnacle Investments Inc. (financial advisers); bonds due 2021 to 2044; proceeds to finance capital improvements to the transit system's infrastructure; pricing June 5.

SAN ANTONIO (TEXAS): $200 million series 2014 electric and gas systems junior-lien revenue bonds (Aa2/AA-/AA+); negotiated; Barclays and Wells Fargo Securities LLC (lead); Citigroup Global Markets Inc., First Southwest Co., Samco Capital Markets Inc. and Siebert Brandford Shank & Co. LLC (co-managers); proceeds to construct, acquire and equip the city's electric and gas systems; pricing June 5.

On the Horizon

CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY/YALE NEW HAVEN HEALTH: $554.9 million series 2014 revenue bonds (//AA-); negotiated; Barclays (lead); J.P. Morgan Securities LLC (co-manager); proceeds to construct, improve, renovate and equip the Yale-New Haven Hospital and Bridgeport Hospital, as well as to refund existing debt.

• $104 million series 2014A bonds

• $169 million series 2014B bonds

• $83,625,000 series 2014C bonds

• $108,275,000 series 2014D bonds

• $90 million series 2014E bonds

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.

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.

DORMITORY AUTHORITY OF THE STATE OF NEW YORK/TOURO COLLEGE AND UNIVERSITY SYSTEM OBLIGATED GROUP: $97,695,000 series 2014 revenue bonds (//BBB-); negotiated; Stifel, Nicolaus & Co. Inc. (lead); Ramirez & Co. Inc. and Ziegler Inc. (co-managers); proceeds to finance improvements to the university's facilities in Middletown, N.Y.

• $59.72 million series 2014A bonds due 2018 to 2030 with term bonds due 2034, 2039 and 2044

• $37,975,000 series 2014B bonds due 2015 to 2024 with term bond due 2029

EDMONDS SCHOOL DISTRICT NO. 5 (WASHINGTON): $150 million series 2014 unlimited tax general obligation bonds (Aa2/AA/); negotiated; D.A. Davidson & Co. (lead); Barclays and RBC Capital Markets LLC (co-managers); bonds due 2015 to 2033; proceeds to improve safety, heating/ventilation, energy efficiency and other capital improvements, as well as to reduce class size for grades 1 through 6 at various schools within the district.

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

KENTUCKY HOUSING CORP.: $61,445,000 series 2014A taxable housing revenue bonds; negotiated; Citigroup Global Markets Inc. (lead); BofA Merrill Lynch; J.J.B. Hilliard, W.L. Lyons LLC; Raymond James/Morgan Keegan; PNC Capital Markets LLC; First Kentucky Securities Corp.; Edward D. Jones & Co. LP; Fifth Third Securities Inc.; and Sterne, Agee & Leach Inc. (co-managers); bonds due 2015 to 2024 with term bonds due 2029 and 2034; proceeds to refund outstanding debt.

KENTUCKY TURNPIKE AUTHORITY: $122.12 million series 2014A economic development road revenue refunding bonds (/AA+/A+); negotiated; Goldman, Sachs & Co. (lead); Morgan Stanley & Co. LLC; Citigroup Global Markets Inc.; J.J.B. Hilliard, W.L. Lyons LLC; Raymond James/Morgan Keegan; PNC Capital Markets LLC; First Kentucky Securities Corp.; Edward D. Jones & Co. LP; Fifth Third Securities Inc.; and Sterne, Agee & Leach Inc. (co-managers); bonds due 2016 to 2025; proceeds to refund the authority's series 2005B revenue bonds.

LOS ANGELES COUNTY (CALIFORNIA): $900 million series 2014-15 tax and revenue anticipation notes; negotiated; J.P. Morgan Securities LLC and Wells Fargo Securities LLC (lead); Alamo Capital, KeyBanc Capital Markets Inc. and Stifel, Nicolaus & Co. Inc. (co-managers); notes due June 30, 2015; proceeds to finance capital expenditures for the coming fiscal year.

LOS ANGELES UNIFIED SCHOOL DISTRICT (CALIFORNIA): $1,703,000,000 series 2014 general obligation refunding bonds; negotiated; J.P. Morgan Securities LLC (lead); BofA Merrill Lynch; Goldman, Sachs & Co.; Fidelity Capital Markets Inc.; Siebert Brandford Shank & Co. LLC; and Backstrom McCarley Berry & Co. LLC (co-managers); proceeds to advance or current refund existing debt held by the district.

• $197,465,000 series 2014A bonds due 2015 to 2022

• $356.8 million series 2014B bonds due 2015 to 2027

• $981.53 million series 2014C bonds due 2015 to 2031

• $167,205,000 series 2014D bonds due 2018 to 2030

NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY/LIONS GATE: $61,675,000 series 2014 fixed-rate revenue bonds; negotiated; H.J. Sims & Co. (lead); bonds due 2015 to 2024, 2039, 2034 and 2044; proceeds to finance the renovation of the Lions Gate assisted living community's kitchen and dining area, as well as the expansion of its fitness facilities, and to refund its series 2005B 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.

RIVERSIDE COUNTY (CALIFORNIA): $250 million series 2014-2015 tax and anticipation notes (/SP-1+/F1+); negotiated; J.P. Morgan Securities LLC and Wells Fargo Securities LLC (lead); notes due June 30, 2015; proceeds to finance capital projects.

SAN JUAN UNIFIED SCHOOL DISTRICT (CALIFORNIA): $105,975,000 series 2014 general obligation bonds (Aa2); negotiated; KeyBanc Capital Markets Inc. (lead); proceeds to acquire, construct and furnish school facilities in the district.

• $25,975,000 election of 2002 series 2014 general obligation bonds due 2014 to 2032

• $80 million election of 2012 series B general obligation bonds due 2015 to 2027

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.