Fairmont State University, W.Va., preps $51.58 million sale of bonds

By Sheri Kasprzak

New York, May 17 - Fairmont State University of West Virginia plans to price $51.58 million of series 2012 revenue refunding bonds, according to a preliminary official statement.

The deal includes $20,985,000 of series 2012A bonds and $30,595,000 of series 2012B bonds.

The bonds (A1) will be sold on a negotiated basis with Piper Jaffray & Co. and Crews & Associates as the senior managers.

The 2012A bonds are due 2013 to 2027 with a term bond due in 2032. The 2012B bonds are due 2013 to 2027 with a term bond due in 2032.

Proceeds will be used to current refund the university's series 2002A-B revenue bonds and advance refund the university's series 2003A-B revenue bonds.

The university is located in Fairmont, W.Va.

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