Charleston Educational Excellence, S.C., to price $113.52 million debt

By Sheri Kasprzak

New York, July 30 – The Charleston Educational Excellence Financing Corp. of South Carolina is expected to sell $113,515,000 of series 2014 installment purchase revenue refunding bonds, according to a preliminary official statement.

The bonds (Aa2/AA/) will be sold on a negotiated basis with Wells Fargo Securities LLC as the senior manager and Citigroup Global Markets Inc. and Morgan Stanley & Co. LLC as the co-managers.

The bonds are due 2019 to 2031.

Proceeds will be used to finance the costs of acquiring, constructing, equipping and furnishing school facilities to be sold by the issuer to the Charleston County School District, as well as to refund the corporation’s series 2006 revenue bonds.

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