Municipal Calendar: Dignity Health coordinates $718 million taxable offering

Week of October 6

DIGNITY HEALTH (CALIFORNIA): $718 million (up to $888 million) series 2014A taxable bonds (A3/A/A); negotiated; J.P. Morgan Securities LLC and Citigroup Global Markets Inc. (lead); Mizuho Securities, Barclays, Deutsche Bank Securities, Fifth Third Securities Inc. and Wells Fargo Securities LLC (co-managers); proceeds to reimburse the health care system for previous capital expenditures, fund future capital expenditures, refinance existing bonds and refinance amounts drawn on a line of credit facility; pricing week of Oct. 6.

DISTRICT OF COLUMBIA: $523.43 million series 2014 general obligation bonds (Aa2/AA/AA); negotiated; Loop Capital Markets LLC (lead); Jefferies & Co. Inc., Ramirez & Co. Inc., Academy Securities, Cabrera Capital Markets LLC, Citigroup Global Markets Inc., Mesirow Financial Inc., Raymond James/Morgan Keegan and TD Securities (USA) Inc. (co-managers); proceeds to finance capital projects under the city’s capital improvement plan, as well as to refund the city’s series 2008A and 2008D multimodal variable-rate G.O. bonds; pricing week of Oct. 6.

• $386,405,000 series 2014C G.O. bonds due 2017 to 2034 with term bond due in 2038

• $137,025,000 series 2014D G.O. refunding bonds due 2015 to 2033

NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY: $644.06 million series 2014 school facilities construction bonds and notes (A2/A-/A-); negotiated; J.P. Morgan Securities LLC (lead); Citigroup Global Markets Inc., Loop Capital Markets LLC, Wells Fargo Securities LLC, Academy Securities, KeyBanc Capital Markets LLC, M&T Securities Inc., Piper Jaffray & Co., Siebert Brandford Shank & Co. LLC and Stifel, Nicolaus & Co. (co-managers); proceeds to finance the construction of new school facilities within the state, as well as to refund the authority’s series 2012G school facilities construction notes; pricing week of Oct. 6.

• $119.06 million series 2014K Sifma index refunding notes due Feb. 1, 2017

• $525 million series 2014UU school construction bonds due 2016 to 2034 with term bond due in 2040

NEW YORK MORTGAGE AGENCY: $116.77 million series 188-189 homeowner revenue bonds; negotiated; Ramirez & Co. Inc. (lead); BofA Merrill Lynch, Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC, Loop Capital Markets LLC, Roosevelt & Cross Inc. and Siebert Brandford Shank & Co. LLC (co-managers); proceeds to finance new mortgage loans and purchase existing loans; pricing week of Oct. 6.

• $27.92 million series 188 non-AMT bonds due 2034, 2038 and 2044

• $88.85 million series 189 AMT bonds due 2015 to 2029 with term bond due in 2034

October 7

ARIZONA HEALTH FACILITIES AUTHORITY/BANNER HEALTH: $205.06 million series 2014A revenue bonds (/AA-/AA-); negotiated; Morgan Stanley & Co. LLC and BofA Merrill Lynch (lead); proceeds to refinance interim debt incurred with the acquisition and improvement of the Banner Casa Grande Medical Center in Casa Grande, Ariz.; the construction, equipment and improvement of the Banner Fort Collins Medical Center in Fort Collins, Colo.; and the expansion, renovation and improvement of the M.D. Anderson Cancer Center and the Banner Gateway Medical Center; pricing Oct. 7.

GRAND RIVER DAM AUTHORITY (OKLAHOMA): $314.03 million series 2014 revenue bonds (A1/A+/A); negotiated; J.P. Morgan Securities LLC and Barclays (lead); Citigroup Global Markets Inc., BOSC Inc. and BofA Merrill Lynch (co-managers); proceeds to fund additions, repairs and improvements to the dam system; pricing Oct. 7.

• $227.55 million series 2014A revenue bonds due 2018 to 2034 with term bond due in 2039

• $86.48 million series 2014B taxable revenue bonds due 2018 to 2029 with term bonds due in 2034 and 2039

NEWBERRY INVESTING IN CHILDREN’S EDUCATION (SOUTH CAROLINA): $60,395,000 series 2014 installment purchase revenue refunding bonds (A1/A/); negotiated; Wells Fargo Securities LLC (lead); Citigroup Global Markets Inc. and Piper Jaffray & Co. (co-managers); bonds due 2015 to 2030; proceeds to refund nonprofit’s series 2005 revenue bonds; pricing Oct. 7.

SOUTH DAKOTA CONSERVANCY DISTRICT: $60.21 million series 2014 state revolving fund program bonds (/AAA/); negotiated; J.P. Morgan Securities LLC and Wells Fargo Securities LLC (lead); proceeds to make clean and drinking water project loans to qualified recipients within the state; pricing Oct. 7.

• $9.08 million series 2014A taxable bonds due 2015 to 2019

• $51.13 million series 2014B tax-exempt bonds due 2015 to 2034

October 8

FORSYTH COUNTY SCHOOL DISTRICT (GEORGIA): $93.16 million series 2014 general obligation bonds (Aa1/AA+/); negotiated; Citigroup Global Markets Inc. (lead); bonds due 2018 to 2033; proceeds to construct, acquire and equip school facilities within the district; pricing Oct. 8.

MCKINNEY INDEPENDENT SCHOOL DISTRICT (TEXAS): $100.5 million series 2014 unlimited tax school building and refunding bonds (Aa2/AA/); negotiated; BOSC Inc. and RBC Capital Markets LLC (lead); Raymond James/Morgan Keegan and Piper Jaffray & Co. (co-managers); bonds due 2015 to 2039; proceeds to construct, equip, furnish and acquire school facilities, as well as to finance technology upgrades and refund the district’s series 2004 and 2005 school building and refunding bonds; pricing Oct. 8.

NEW YORK STATE HOUSING FINANCE AGENCY: $55.25 million series 2014E affordable housing revenue bonds; negotiated; Siebert Brandford Shank & Co. LLC and Ramirez & Co. Inc. (lead); J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, BofA Merrill Lynch, RBC Capital Markets LLC and Loop Capital Markets LLC (co-managers); bonds due 2015 to 2025 with term bonds due in 2017, 2029, 2034, 2039 and 2046; proceeds to finance mortgage loans for the construction and acquisition or rehabilitation of multifamily housing projects; pricing Oct. 8.

OHIO/UNIVERSITY HOSPITALS HEALTH SYSTEM: $75 million series 2014 hospital revenue bonds (A2/A/); negotiated; Barclays (lead for 2014A, sole for 2014B) and BofA Merrill Lynch (lead for 2014A); BB&T Capital Markets, Morgan Stanley & Co. LLC, PNC Capital Markets LLC, The Huntington Investment Co. and Wells Fargo Securities LLC (co-managers for 2014A); proceeds to refund one or more interim loans issued to refund the Parma Community General Hospital Association’s series 2006 bonds and the EMH Regional Medical Center’s series 1997, 2001 and 2008 bonds, as well as to construct, equip, furnish and repair additional hospital facilities within the system; pricing Oct. 8.

• $50 million series 2014A bonds

• $25 million series 2014B variable-rate bonds

PHOENIX INDUSTRIAL DEVELOPMENT AUTHORITY/GREAT HEARTS ACADEMIES PROJECT (ARIZONA): $80,855,000 series 2014A education facility revenue bonds; negotiated; Baird & Co. Inc. (lead); bonds due 2024, 2034 and 2044; proceeds to finance or refinance the costs of constructing, acquiring, improving and renovating five charter schools in the Phoenix area; pricing Oct. 8.

STOCKTON PUBLIC FINANCING AUTHORITY (CALIFORNIA): $71 million series 2014 wastewater revenue refunding bonds (/A-/A-); negotiated; Citigroup Global Markets Inc. and Southwest Securities Inc. (lead); proceeds to prepay all of the authority’s series 1998A and 2003 wastewater revenue certificates of participation; pricing Oct. 8.

October 9

LOS ANGELES DEPARTMENT OF WATER AND POWER (CALIFORNIA): $450 million series 2014D power system revenue bonds (Aa3/AA-/AA-); negotiated; RBC Capital Markets LLC and J.P. Morgan Securities LLC (lead); Cabrera Capital Markets LLC, Citigroup Global Markets Inc., Loop Capital Markets LLC and U.S. Bancorp Investments Inc. (co-managers); bonds due 2019 to 2034 with term bonds due in 2039 and 2044; proceeds to finance capital improvements to the city’s power system as part of the department’s power integrated resource plan; pricing Oct. 9.

PORT AUTHORITY OF NEW YORK AND NEW JERSEY: $650 million series 186-187 consolidated bonds (//AA-); negotiated; Wells Fargo Securities LLC (lead); BofA Merrill Lynch, Citigroup Global Markets Inc., RBC Capital Markets LLC, Morgan Stanley & Co. LLC and Ramirez & Co. Inc. (co-managers); proceeds to refund existing consolidated bonds; pricing Oct. 9.

• $400 million series 186 bonds due 2015 to 2023 and 2025 to 2034 with term bond due in 2044

• $250 million series 187 bonds due Oct. 15, 2034

SEQUOIA UNION HIGH SCHOOL DISTRICT (CALIFORNIA): $112 million series 2014 general obligation bonds (Aa1/AA/); competitive; Keygent LLC (financial adviser); bonds due 2015 to 2043; proceeds to upgrade technology, repair and rehabilitate aging school facilities and purchase classroom equipment; pricing Oct. 9.

On the Horizon

FLORIDA DEVELOPMENT FINANCE CORP./RENAISSANCE CHARTER SCHOOL INC.: $52.96 million series 2014 educational facilities revenue bonds; negotiated; BB&T Capital Markets (lead); proceeds to finance the construction, acquisition and renovation of charter schools in Duval and Palm Beach counties in Florida.

• $44.78 million series 2014A bonds

• $8.18 million series 2014B taxable bonds

HAMILTON COUNTY/METROPOLITAN SEWER DISTRICT OF GREATER CINCINNATI (OHIO): $213,715,000 series 2014 sewer system revenue refunding bonds (Aa2/AA+/); negotiated; Morgan Stanley & Co. LLC, Citigroup Global Markets Inc. and RBC Capital Markets LLC (lead); BofA Merrill Lynch, Fifth Third Securities Inc., Loop Capital Markets LLC and Stifel, Nicolaus & Co. LLC (co-managers); proceeds to refund the district’s series 2003A, 2005A-B, 2006A and 2007A sewer revenue bonds.

• $159.97 million series 2014A bonds due 2017 to 2031

• $53,745,000 series 2015A bonds due 2015 to 2019

NORTHERN PALM BEACH COUNTY IMPROVEMENT DISTRICT (FLORIDA): $55,875,000 series 2014 water control and improvement bonds; negotiated; Raymond James/Morgan Keegan and FMSbonds Inc. (lead); proceeds to make capital improvements to water Unit of Development No. 2C.

SOUTH DAKOTA HEALTH AND EDUCATIONAL FACILITIES AUTHORITY/SANFORD HEALTH: $186,105,000 series 2014B revenue bonds (A1/A+/); negotiated; Cain Brothers (lead); proceeds to construct, equip, improve, furnish and renovate health facilities operated by Sanford, including an energy plant and hospital and clinic facility in Fargo, as well as a breast cancer center in Sioux Falls.

TOBACCO SETTLEMENT FINANCING CORP. (RHODE ISLAND): $593,655,000 series 2014 tobacco settlement asset-backed bonds (/A/BBB+); negotiated; Citigroup Global Markets Inc. and BofA Merrill Lynch (lead); Janney Montgomery Scott LLC, Oppenheimer & Co. Inc. and Raymond James/Morgan Keegan (co-managers); proceeds to make a payment of no less than $20 million to the state, refund the corporation’s series 2002A bonds and fund the purchase at the open market purchase price of certain maturities of the corporation’s series 2007.

• $336,065,000 series 2014A bonds due 2015 to 2029 with term bonds due 2034 and 2039

• $257.59 million series 2014B bonds due 2039, 2044 and 2049

WOODBURY HOUSING AND REDEVELOPMENT AUTHORITY (MINNESOTA): $54.71 million series 2014 revenue bonds; negotiated; Ziegler (lead); Dougherty & Co. and Northland Securities (co-managers); bonds due 2017 to 2024 with term bonds due 2029, 2034, 2044 and 2049; proceeds to construction, equipment, acquisition and furnishing of senior living facilities at St. Therese at Woodbury, including independent living apartment, assisted living facilities and a memory care center.

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.