Dasny to price $116.86 million revenue bonds for Pace University

By Sheri Kasprzak

New York, Feb. 19 - The Dormitory Authority of the State of New York is ready to price $116.86 million of series 2013 revenue bonds for Pace University, according to a preliminary official statement.

The bonds (/BBB-/) will be sold on a negotiated basis with BofA Merrill Lynch as the senior manager for the 2013A bonds and as sole underwriter for the 2013B bonds. The co-managers for the 2013A bonds are Barclays and Ramirez & Co. Inc.

The deal includes $97,245,000 of series 2013A bonds and $19,615,000 of series 2013B taxable bonds.

The maturities have not been set.

Proceeds will be used to construct, acquire, equip, furnish and renovate campus facilities on Broadway, William Street and Fifth Avenue in New York City, and properties in Pleasantville, N.Y., as well as to refund existing revenue 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.