Municipal Calendar: Massachusetts organizes $500 million bond offering

Week of June 23

MASSACHUSETTS: $500 million series 2014C multimodal consolidated loan general obligation bonds; negotiated; Jefferies & Co. (lead); BofA Merrill Lynch, Citigroup Global Markets Inc., J.P. Morgan Securities LLC, RBC Capital Markets LLC and Wells Fargo Securities LLC (co-managers); bonds due June 1, 2044; proceeds to finance authorized capital projects; pricing week of June 23.

Week of June 30

July 1

ALABAMA PUBLIC SCHOOL AND COLLEGE AUTHORITY: $554.52 million series 2014B capital improvement refunding bonds; competitive; Rice Advisory LLC (financial adviser); bonds due 2019 to 2027; proceeds to refund the authority’s series 2007 capital improvement bonds; pricing July 1.

On the Horizon

HOUSTON HIGHER EDUCATION FINANCE CORP./HARMONY PUBLIC SCHOOLS (TEXAS): $101,155,000 series 2014A education revenue and refunding bonds (/BBB/); negotiated; Raymond James/Morgan Keegan and Jefferies & Co. (lead); bonds due 2015 to 2034 with term bonds due in 2038 and 2044; proceeds to finance the expansion of existing campuses and the construction of new campuses, as well as to construct a new gymnasium.

INDIANA FINANCE AUTHORITY: $250 million series 2014 tax-exempt private activity bonds; negotiated; Citigroup Global Markets Inc. and Jefferies & Co. (lead); bonds due 2017, 2025, 2026, 2027, 2028, 2029, 2034, 2039 and 2046; proceeds to finance the expansion of a 21-mile section of State Road 37.

LANCASTER PORT AUTHORITY (OHIO): $321.63 million series 2014 gas supply revenue refunding bonds; negotiated; RBC Capital Markets LLC (lead); bonds due 2015 to 2019 with a term bond due in 2038; proceeds to refund the authority’s series 2008 revenue bonds, which were used to prepay for a natural gas acquisition.

LOS ANGELES DEPARTMENT OF WATER AND POWER (CALIFORNIA): $200 million series 2014C power system revenue bonds (Aa3/AA-/AA-); negotiated; Wells Fargo Securities LLC (lead); BMO Capital Markets Inc., Fidelity Capital Markets Inc., Ramirez & Co. Inc. and The Williams Capital Group LP (co-managers); bonds due 2017 to 2029; proceeds to refund the department’s series 2005A power system revenue bonds

MASSACHUSETTS PORT AUTHORITY: $251.73 million series 2014 revenue bonds (Aa3/AA-/AA); negotiated; Raymond James/Morgan Keegan (lead); Barclays and Loop Capital Markets LLC (co-managers); proceeds to refund the authority’s series 2012A commercial paper notes and its series 2003A, 2003C and 2005A revenue bonds.

• $45,715,000 series 2014A non-AMT bonds

• $48,915,000 series 2014B AMT bonds

• $157.1 million series 2014C non-AMT refunding bonds

NASSAU COUNTY (NEW YORK): $200 million series 2014 tax and revenue anticipation notes (/SP-1+/F1+); competitive; First Southwest Co. and TKG & Associates (financial advisers); notes due June 30, 2015; proceeds to finance city capital expenditures in the coming fiscal year.

PUBLIC FINANCE AUTHORITY/USA PLACE PARKING FACILITIES LLC (ARIZONA): $103.5 million series 2014 taxable parking revenue bonds; negotiated; KeyBanc Capital Markets LLC (lead); bonds due Feb. 1, 2021; proceeds to construct, equip, acquire and renovate a multilevel parking facility for the USA Place multi-use center anchored by a hotel and conference center in Tempe.

WESTMINSTER (MARYLAND)/CARROLL LUTHERAN VILLAGE INC.: $50.62 million series 2014 project and refunding revenue bonds; negotiated; H.J. Sims & Co. (lead); bonds due 2016 to 2024 with term bonds due 2034 and 2044; proceeds to finance improvements and renovations to independent living units at the Carroll Lutheran retirement community in Howard County, Md., as well as to refund existing debt.

YSLETA INDEPENDENT SCHOOL DISTRICT (TEXAS): $80.08 million series 2014 unlimited tax refunding bonds; negotiated; BOSC Inc. (lead); Jefferies & Co., Ramirez & Co. Inc. and RBC Capital Markets LLC (co-managers); bonds due 2014 to 2030; proceeds to refund the district’s series 2006 unlimited tax school building 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.