Florida Development Finance arranges $52.96 million revenue bond deal

By Sheri Kasprzak

New York, Sept. 29 – The Florida Development Finance Corp. is set to sell $52.96 million of series 2014 educational facilities revenue bonds for Renaissance Charter School Inc., according to a preliminary official statement.

The deal includes $44.78 million of series 2014A bonds and $8.18 million of series 2014B taxable bonds.

The bonds will be sold through BB&T Capital Markets.

The maturities have not been set.

Proceeds will be used to finance the construction, acquisition and renovation of charter schools in Duval and Palm Beach counties in Florida.

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