Dasny to price $150 million of revenue bonds for Fordham University

By Sheri Kasprzak

New York, April 6 - The Dormitory Authority of the State of New York plans to price $150 million of series 2011 revenue bonds for Fordham University, said a preliminary official statement.

The bonds (A2/A) will be sold on a negotiated basis with J.P. Morgan Securities LLC as the senior manager. The co-managers are Merrill Lynch, Fidelity Capital Markets LLC, M.R. Beal & Co. Inc., Piper Jaffray & Co. and RBC Capital Markets LLC.

The deal includes $100 million of series 2011A bonds and $50 million of series 2011B bonds.

Proceeds will be used to construct a new law school building and a 430-bed residence hall, as well as to renovate a book storage area in the existing Quinn Library, which will be connected to the law school.

The Albany-based authority provides funding to nonprofit organizations, hospitals and educational facilities. Fordham is located in New York City.

© 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.