Municipal Calendar: Florida Administration Finance eyes $1.2 billion hurricane deal

Week of February 8

CLEVELAND (OHIO):

• $150,495,000 series 2016 airport system revenue bonds (Baa1/A-/BBB+)

• Negotiated

• Stifel, Nicolaus & Co. Inc. and J.P. Morgan Securities LLC (lead)

• BofA Merrill Lynch, Estrada Hinojosa & Co. Inc., IFS Securities Inc., Loop Capital Markets LLC and Williams Capital Group LP (co-managers)

• Proceeds to refund the city’s series 2000C revenue bonds

• $112.86 million series 2016A non-AMT bonds due 2018 to 2031

• $37,635,000 series 2016B non-AMT forward delivery bonds due 2022 to 2024

DALLAS INDEPENDENT SCHOOL DISTRICT (TEXAS):

• $304.98 million series 2016A unlimited tax school building bonds (Aaa/AAA/AAA)

• Competitive

• RBC Capital Markets LLC and Estrada Hinojosa & Co. Inc. (financial advisers)

• Bonds due 2022 to 2036

• Proceeds to finance capital improvements to the district’s facilities

FLORIDA STATE BOARD OF ADMINISTRATION FINANCE CORP.:

• $1.2 billion series 2016A revenue bonds (Aa3/AA/AA)

• Negotiated

• J.P. Morgan Securities LLC (lead)

• BofA Merrill Lynch, Citigroup Global Markets Inc., Morgan Stanley & Co. LLC and Wells Fargo Securities LLC (co-managers)

• Proceeds to provide cash to the Florida Hurricane Catastrophe Fund for insurance claims and to refund existing bonds

GUAM WATERWORKS AUTHORITY:

• $143.31 million series 2016 water and wastewater system revenue bonds (Baa2/A-/BBB-)

• Negotiated

• Citigroup Global Markets Inc. and Barclays (lead)

• Bonds due 2020 to 2036 with term bonds due 2041 and 2046

• Proceeds to fund capital improvements to the government’s water and wastewater systems

HOUSTON (TEXAS):

• $800 million series 2016B combined utility system first lien revenue and refunding bonds (Aa2//AA)

• Negotiated

• Wells Fargo Securities LLC (lead)

• Proceeds to help pay the costs to construct, improve or repair the water and sewer system; refund all or a portion of outstanding series B combined utility system commercial paper notes; refund a portion of outstanding combined utility system first lien revenue bonds

LAMAR CONSOLIDATED INDEPENDENT SCHOOL DISTRICT (TEXAS):

• $107.58 million series 2016A unlimited tax refunding bonds (Aaa/AAA)

• Negotiated

• Raymond James/Morgan Keegan (lead)

• BOSC Inc., Wells Fargo Securities LLC, Frost Bank and Morgan Stanley & Co. LLC (co-managers)

• Bonds due 2024 and 2027 to 2038

• Proceeds to refund the district’s series 2007 and 2008 unlimited tax refunding bonds

MAGNOLIA INDEPENDENT SCHOOL DISTRICT (TEXAS):

• $87.69 million series 2016 unlimited tax schoolhouse and refunding bonds (Aaa)

• Negotiated

• Stifel, Nicolaus & Co. Inc. (lead)

• Cabrera Capital Markets LLC, Baird & Co. Inc. and Hutchinson Shockey, Erley & Co. (co-managers)

• Bonds due 2016 to 2040

• Proceeds to construct, equip, improve and renovate school buildings and refund the district’s series 2007 unlimited tax schoolhouse and refunding bonds

MISSOURI JOINT MUNICIPAL ELECTRIC UTILITY COMMISSION/PRAIRIE STATE PROJECT:

• $222,155,000 series 2016A power project revenue refunding bonds (A2//A)

• Negotiated

• Goldman Sachs & Co. (lead)

• BofA Merrill Lynch, Barclays, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, Piper Jaffray & Co. and Wells Fargo Securities LLC (co-managers)

• Proceeds to refund the commission’s series 2007A revenue bonds

OHIO/UNIVERSITY HOSPITALS HEALTH SYSTEM INC.:

• $170 million series 2016A hospital revenue bonds (A2/A/)

• Negotiated

• BofA Merrill Lynch and Barclays (lead)

• Morgan Stanley & Co. LLC (co-manager)

• Proceeds to refund health system’s series 2007A revenue bonds

February 10

COMMONWEALTH TRANSPORTATION BOARD (VIRGINIA):

• $76.69 million series 2016 transportation program and transportation revenue refunding bonds (Aa1/AA+/AA+)

• Competitive

• Public Resources Advisory Group (financial adviser)

• Proceeds to refund existing bonds and finance transportation improvements

• $10.22 million series 2016A Oak Grove Connector bonds due 2017 to 2022

• $13,775,000 series 2016B Northern Virginia Transportation Program bonds due 2018 to 2026

• $52,695,000 series 2016C U.S. Route 58 Corridor Development Program bonds due 2021 to 2026

CONNECTICUT HOUSING FINANCE AUTHORITY:

• $145 million housing mortgage finance program bonds (Aaa/AAA)

• Negotiated

• BofA Merrill Lynch; J.P. Morgan Securities LLC; Morgan Stanley & Co. LLC; RBC Capital Markets, LLC; Barclays; Citigroup Global Markets Inc.; Drexel Hamilton, LLC; Fidelity Capital Markets; Janney Montgomery Scott; Ramirez & Co., Inc.; Raymond James; Rice Financial Products Co.; Roosevelt & Cross Inc. and Wells Fargo Securities, LLC

• Proceeds to finance mortgage loans

• $100,455,000 series 2016A-1 bonds due 2026, 2030, 2035, 2040 and 2045

• $44,545,000 series 2016A-2 AMT bonds due 2016 to 2026

PENNSYLVANIA TURNPIKE COMMISSION:

• $365,135,000 series 2016 turnpike subordinate revenue refunding bonds (A3//A-)

• Negotiated

• Citigroup Global Markets Inc. (lead)

• Loop Capital Markets LLC, PNC Capital Markets LLC, Baird & Co. Inc., Boenning & Scattergood Inc. and Stifel/Backstrom McCarley Berry & Co. LLC (co-managers)

• Bonds due 2017 to 2038

• Proceeds to refund the commission’s series 2008A-1, 2008B-1, 2009B and 2009D revenue bonds

UNIVERSITY OF NEW MEXICO:

• $152,865,000 series 2016 subordinate-lien system refunding and improvement revenue bonds (Aa2/AA)

• Negotiated

• RBC Capital Markets LLC (lead)

• George K. Baum & Co. and U.S. Bancorp Investments Inc. (co-managers)

• Proceeds to construct, equip, acquire, improve and renovate University of New Mexico facilities and refund its series 2007B revenue bonds

• $144.57 million series 2016A tax-exempt bonds due 2016 to 2046

• $8,295,000 series 2016B taxable bonds due 2016 to 2024

February 11

INDIANA MUNICIPAL POWER AGENCY:

• $146.33 million series 2016C power supply system refunding revenue bonds

• Negotiated

• Citigroup Global Markets Inc. (lead)

• Barclays, BofA Merrill Lynch, City Securities Corp., Goldman Sachs & Co., J.P. Morgan Securities LLC, PNC Capital Markets LLC and U.S. Bancorp Investments Inc. (co-managers)

• Bonds due 2020 to 2036 with term bond due 2039

• Proceeds to refund the agency’s series 2009A-B revenue bonds

SOUTH CAROLINA:

• $263.78 million series 2016 general obligation bonds (Aaa/AA+/AAA)

• Competitive

• Public Resources Advisory Group (financial adviser)

• Proceeds to refund the state’s series 2003G South Carolina State University G.O. bonds, 2006D South Carolina State University G.O.s, series 2005B Winthrop University G.O.s, 2006A Winthrop G.O.s, 2008B Winthrop G.O.s, 2009A Winthrop G.O.s, series 1998A Midlands Technical G.O. bonds, series 2002C Midlands G.O. bonds, 2007A Midlands Technical G.O. bonds, series 2005A Medical University of South Carolina G.O. bonds, 2002D Coastal Carolina G.O. bonds, 2006C Coastal Carolina G.O. bonds, series 2005A research university G.O.s, series 2005B state university infrastructure bonds, 2009A research university G.O. bonds, 2005C economic development bonds, series 2005F-G economic development bonds, 2006A economic development bonds, 2005A taxable economic development bonds and 2005D-E taxable economic development bonds

• $19.2 million series 2016A G.O. state institution bonds for South Carolina State University due 2018 to 2028

• $20.89 million series 2016B G.O. state institution refunding bonds for Winthrop University due 2017 to 2029

• $9.16 million series 2016C G.O. state institution refunding bonds for Midlands Technical College due 2017 to 2027

• $28,965,000 series 2016D G.O. state institution refunding bonds for Medical University of South Carolina due 217 to 2036

• $10,545,000 series 2016E G.O. state institution refunding bonds for Coastal Carolina University due 2017 to 2027

• $66,745,000 series 2016A G.O. state research university refunding bonds due 2016 to 2024

• $44,635,000 series 2016A G.O. state economic development bonds due 2017 to 2030

• $33.29 million series 2016B G.O. state economic development refunding bonds due 2016 to 2030

• $30.35 million series 2016C taxable G.O. economic development refunding bonds due 2016 to 2030

Week of February 15

February 18

DAVIS SCHOOL DISTRICT (UTAH):

• $68.5 million series 2016 general obligation bonds (Aa2)

• Competitive

• Zions Public Finance Inc. (financial adviser)

• Bonds due 2017 and 2019 to 2036

• Proceeds to finance the construction, equipment and improvement of schools in the district

LOS ANGELES COUNTY METROPOLITAN TRANSPORTATION AUTHORITY (CALIFORNIA):

• $188.27 million series 2016A Proposition A first tier senior sales tax revenue refunding bonds (Aa1/AAA)

• Competitive

• Public Financial Management Inc. (financial adviser)

• Bonds due 2016 to 2031

• Proceeds to fund the authority’s series 2008 first tier senior sales tax revenue refunding bonds

On The Horizon

BLACK BELT ENERGY GAS DISTRICT (ALABAMA):

• $1 billion series 2016 gas supply revenue bonds

• Negotiated

• RBC Capital Markets LLC (sole)

• Bonds due 2017 to 2021 with term bond due 2046

• Proceeds to make a gas supply purchase

FLORIDA DEVELOPMENT FINANCE CORP.:

• $1.75 billion series 2015A-B All-Aboard Florida Passenger Rail project surface transportation facilities revenue bonds

• Negotiated

• BofA Merrill Lynch (lead)

• Proceeds to finance a commuter rail linking Miami with Orlando International Airport

FLORIDA DEVELOPMENT FINANCE CORP./TUSCAN ISLAE CHAMPIONSGATE:

• $52.08 million series 2016 senior living revenue bonds

• Negotiated

• H.J. Sims & Co. (lead)

• Proceeds to construct, equip, acquire, renovate and furnish a senior living community to be known as Volterra at ChampionsGate in Four Corners, Fla.

• $48,735,000 series 2016A bonds

• $3,345,000 series 2016B taxable bonds

MARYLAND HEALTH AND HIGHER EDUCATIONAL FACILITIES AUTHORITY/MERCY MEDICAL CENTER:

• $141.18 million series 2016A revenue bonds (Baa2/BBB)

• Negotiated

• Jefferies & Co. (lead)

• BofA Merrill Lynch and M&T Securities Inc. (co-managers)

• Proceeds to refund the center’s series 2011B, 2013 and 2013B revenue bonds

METROPOLITAN TRANSPORTATION AUTHORITY (NEW YORK):

• $500 million series 2016A transportation revenue green bonds (A1/AA-/A)

• Negotiated

• Ramirez & Co. Inc. (lead)

• Drexel Hamilton LLC and Stern Brothers & Co. (co-senior managers)

• BofA Merrill Lynch, Citigroup Global Markets Inc., Goldman Sachs & Co., Jefferies & Co., J.P. Morgan Securities LLC, Loop Capital Markets LLC, Morgan Stanley & Co. LLC, RBC Capital Markets LLC, Siebert Brandford Shank & Co. LLC, Wells Fargo Securities LLC, Academy Securities Inc., Barclays, BNY Mellon Capital Markets LLC, Cabrera Capital Markets Inc., Duncan-Williams Inc., Estrada Hinojosa & Co. Inc., Fidelity Capital Markets Inc., Janney Montgomery Scott LLC, KeyBanc Capital Markets Inc., M&T Securities Inc., Mesirow Financial Inc., Oppenheimer & Co., Piper Jaffray & Co., PNC Capital Markets LLC, Raymond James/Morgan Keegan, Rice Financial Products Co., Roosevelt & Cross Inc., Stifel Nicolaus & Co. LLC, TD Securities (USA) LLC, U.S. Bancorp Investments Inc. and Williams Capital Group LP (co-managers)

• Proceeds to retire the authority’s series 2015A bond anticipation notes, which were issued to finance commuter projects

NORTH CAROLINA MUNICIPAL POWER AGENCY NO. 1:

• $69,935,000 of series 2016A Catawba electric revenue bonds

• Negotiated

• Morgan Stanley & Co. LLC (lead)

• Barclays, BofA Merrill Lynch, Hilltop Securities Inc., J.P. Morgan Securities LLC, Raymond James/Morgan Keegan, U.S. Bancorp Investments Inc. and Wells Fargo Securities LLC (co-managers)

• Bonds due 2022 to 2030

• Proceeds to refund the agency’s $76,955,000 par amount of series 2009A revenue bonds

PARTNERS HEALTHCARE SYSTEM (MASSACHUSETTS):

• $100 million series 2016 taxable bonds (Aa3/AA-/AA)

• Negotiated

• J.P. Morgan Securities LLC (lead)

• BofA Merrill Lynch, Barclays, Jefferies & Co., TD Securities (USA) LLC and Wells Fargo Securities LLC (co-managers)

• Proceeds for general corporate purposes

PUBLIC FINANCE AUTHORITY (WISCONSIN):

• $170,445,000 series 2016 exempt facilities revenue refunding bonds

• Negotiated

• Morgan Stanley & Co. LLC (lead)

• Proceeds to refund $170,445,000 outstanding bonds, including the authority’s series 1994, 1995, 1996 and 2002A-B revenue bonds issued on behalf of Celanese

• $40 million series 2016A AMT bonds due Jan. 1, 2024

• $45 million series 2016B AMT bonds due Dec. 1, 2025

• $66.46 million series 2016C AMT bonds due Nov. 1, 2030

• $18,985,000 series 2016D non-AMT bonds due Nov. 1, 2030

UTAH:

• $93,695,000 series 2016 state facilities master lease program lease revenue bonds

• Competitive

• Zion Public Finance Inc. (financial adviser)

• Bonds due 2018 to 2028

• Proceeds to acquire, construct, improve or renovate one or more projects on behalf of the state

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