Fairfield University, Conn., to price $112 million revenue bonds

By Cristal Cody

Springdale, Ark., Aug. 7 - Fairfield University expects to price $112 million revenue bonds through the Connecticut Health and Educational Facilities Authority on Aug. 13, a source said Thursday.

The series N bonds (A3/A-/) will be sold in a negotiated sale through senior manager J.P. Morgan Securities Inc. and co-managers Herbert J. Sims & Co., RBC Capital Markets and Siebert Brandford Shank & Co.

Proceeds will be used to refund the $105.9 million outstanding from the series L1 and L2 revenue bonds and to fund a swap termination payment and a deposit to the debt service reserve fund.

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