University of South Carolina intends to price $85 million athletic facilities revenue bonds

By Sheri Kasprzak

New York, Aug. 23 - The University of South Carolina is expected to bring to market $85 million in series 2010 athletic facilities revenue bonds, according to a preliminary official statement.

The sale includes $75 million in series 2010A bonds and $10 million in series 2010B refunding bonds.

The bonds (Aa3) will be sold on a negotiated basis with Barclays Capital Inc. as the senior manager.

The maturities have not been set.

Proceeds will be used to construct, renovate and equip athletic facilities, garage and maintenance facilities, a coaches' support facility and spring sports venues at the university. The 2010B bonds will be used to refund the university's series 2002 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.