California Educational Facilities to sell bonds for Chapman University

By Sheri Kasprzak

New York, Sept. 12 - The California Educational Facilities Authority plans to sell $100 million of series 2011 revenue bonds for Chapman University, according to a preliminary official statement.

The bonds (A2) will be sold on a negotiated basis with Wells Fargo Securities LLC as the senior manager.

The bonds are due 2012 to 2026 with a term bond due in 2031.

Proceeds will be used to finance the construction, acquisition, equipment, furnishing, expansion, rehabilitation and renovation of educational facilities at the university, as well as to refund existing debt.

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