Municipal Calendar: Coppell ISD, Texas, readies $137.49 million deal

Week of July 4

COPPELL INDEPENDENT SCHOOL DISTRICT (TEXAS)

• $137,487,041 series 2016 school building and refunding bonds (/AA+/AA+)

• Negotiated

• Raymond James/Morgan Keegan (lead)

• BOSC Inc., Frost Bank, Oppenheimer & Co., Samco Capital Markets Inc. and Wells Fargo Securities LLC (co-managers)

• Proceeds to finance capital improvements to school facilities and refund existing bonds

• $6,905,000 series 2016A bonds due 2017 to 2018 and 2026 to 2046

• $83,395,000 series 2016B bonds due 2017 to 2046

• $22,872,041 series 2016C bonds due 2026 to 2030

• $24,315,000 series 2016D refunding bonds due 2017 to 2026

On The Horizon

GEORGE WASHINGTON UNIVERSITY (DISTRICT OF COLUMBIA)

• $250 million series 2016 taxable bonds (A1/A+)

• Negotiated

• Barclays, J.P. Morgan Securities LLC and Loop Capital Markets Inc. (lead)

• Bonds due Sept. 15, 2046

• Proceeds for general corporate purposes

LOS ANGELES (CALIFORNIA):

• $1.46 billion series 2016 tax and revenue anticipation notes (MIG1/SP-1+/F1+)

• Negotiated

• Morgan Stanley & Co. LLC and Ramirez & Co. Inc. (lead)

• Williams Capital Group LP (co-manager)

• Notes due June 29, 2017

• Proceeds to finance capital expenditures for coming fiscal year

LOS ANGELES COMMUNITY COLLEGE DISTRICT (CALIFORNIA):

• $300 million election of 2008 series 2016-1 general obligation bonds (Aa1/AA+)

• Negotiated

• J.P. Morgan Securities LLC and Backstrom McCarley Berry & Co. LLC (lead)

• BofA Merrill Lynch, Loop Capital Markets LLC, Ramirez & Co. Inc. and Siebert Brandford Shank & Co. LLC (co-managers)

• Proceeds to finance improvements and upgrades to college campuses, including earthquake safety improvements

MASSACHUSETTS PORT AUTHORITY:

• $223,035,000 of bonds (Aa2/AA/AA)

• Negotiated

• J.P. Morgan Securities LLC (lead)

• Ramirez & Co., Inc. and Wells Fargo Securities, LLC (co-managers)

• Proceeds from series 2016-A used to refund all or a portion of the authority’s outstanding series 2007A revenue bonds and series 2008A variable-rate demand revenue bonds

• Proceeds from series 2016-B bonds used to finance certain capital improvements and to redeem $25 million of outstanding bond anticipation notes

• $50,995,000 of series 2016A revenue refunding bonds with serial maturities from July 1, 2017 through July 1, 2038

• $172.04 million of series 2016B revenue bonds with terms due July 1, 2043 and July 1, 2046

NORTH CAROLINA CAPITAL FACILITIES FINANCE AGENCY/WAKE UNIVERSITY:

• $175 million of series 2016 education facilities revenue and revenue refunding bonds (Aa3/AA)

• Negotiated

• Wells Fargo Securities, LLC (lead)

• BB&T Capital Markets and Morgan Stanley & Co., LLC (co-managers)

• Bonds due 2021 to 2039 with a term bond due Jan. 1, 2046

• Proceeds to advance refund the university’s series 2009 revenue bonds, repay a portion of a line of credit with Branch Banking and Trust Co and pay the balance of university construction and improvements costs

SAN DIEGO UNIFIED SCHOOL DISTRICT (CALIFORNIA):

• $195 million of series A 2016-17 tax and revenue anticipation notes (/SP-1+/)

• Negotiated

• Due June 30, 2017

• BofA Merrill Lynch and Citigroup Global Markets Inc.

• Proceeds to provide funds to meet fiscal year 2016-17 general fund expenditures, including operating expenses, capital expenditures and discharge of district debt

UNIVERSITY OF TEXAS SYSTEM:

• $200 million series 2016E revenue financing system bonds (Aaa/AAA/AAA)

• Negotiated

• RBC Capital Markets LLC (lead)

• Estrada Hinojosa & Co. Inc., Fidelity Capital Markets Inc., George K. Baum & Co., Siebert Brandford Shank & Co. LLC and Wells Fargo Securities LLC (co-managers)

• Bonds due 2017 to 2027

• Proceeds to finance campus improvements

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