Municipal Calendar: North Texas Tollway offers $947.02 million bonds

Week of May 2

DALLAS COUNTY COMMUNITY COLLEGE DISTRICT (TEXAS):

• $123,495,000 series 2016 general obligation refunding bonds (Aaa/AAA/AAA)

• Competitive

• First Southwest Co. and Estrada Hinojosa & Co. Inc. (financial advisers)

• Bonds due 2017 to 2028

• Proceeds to refund the district’s series 2008 G.O. refunding and improvement bonds

DORMITORY AUTHORITY OF THE STATE OF NEW YORK:

• $219,285,000 series 2016 school districts revenue bond financing program revenue bonds

• Negotiated

• RBC Capital Markets LLC and Roosevelt & Cross Inc. (lead)

• Fidelity Capital Markets Inc., Jefferies & Co., Loop Capital Markets LLC, Piper Jaffray & Co., Ramirez & Co. Inc. and Raymond James/Morgan Keegan (co-managers)

• Proceeds to refund the authority’s series 2008A, 2009A-D and 2011G revenue bonds

• $193.44 million series 2016A bonds (/A+/AA-)

• $14.77 million series 2016B bonds (Aa3//AA-)

• $7,465,000 series 2016C bonds (/AA-/AA-)

• $3.61 million series 2016D bonds (/A+/AA-)

LOS ANGELES DEPARTMENT OF WATER AND POWER (CALIFORNIA):

• $275 million series 2016A power system revenue bonds (Aa2/AA-/AA-)

• Negotiated

• Siebert Brandford Shank & Co. LLC (lead)

• Citigroup Global Markets Inc., Goldman Sachs & Co., J.P. Morgan Securities LLC, Loop Capital Markets LLC and RBC Capital Markets LLC (co-managers)

• Proceeds to refund the department’s series 2007A power system revenue bonds

LOUISIANA PUBLIC FACILITIES AUTHORITY/OCHSNER CLINIC FOUNDATION:

• $151.06 million series 2016 refunding revenue bonds (Baa1//A-)

• Negotiated

• Citigroup Global Markets Inc. (lead)

• Bonds due 2017 to 2036 with term bonds due 2041 and 2047

• Proceeds to refund existing debt

NEW YORK STATE HOUSING FINANCE AGENCY:

• $105,215,000 series 2016B affordable housing revenue bonds

• Negotiated

• J.P. Morgan Securities LLC and Loop Capital Markets LLC (lead)

• Academy Securities Inc., BofA Merrill Lynch, Citigroup Global Markets Inc., Morgan Stanley & Co. LLC and Ramirez & Co. Inc. (co-managers)

• Bonds due 2018 to 2027 with term bonds due 2018, 2019, 2020, 2031, 2041, 2046 and 2049

• Proceeds to finance six mortgage loans to fund improvements to housing projects

NORTH TEXAS TOLLWAY AUTHORITY:

• $947.02 million series 2016A system first-tier revenue refunding bonds (A1/A)

• Negotiated

• J.P. Morgan Securities LLC (lead)

• Jefferies & Co., Mesirow Financial Inc., Ramirez & Co. Inc., RBC Capital Markets LLC and Siebert Brandford Shank & Co. LLC (co-managers)

• Bonds due 2017 to 2036 with term bond due 2039

• Proceeds to refund a portion of the authority’s series 2008A-B, 2008K and 2009A revenue bonds

SEATTLE (WASHINGTON):

• $151,325,000 series 2016 general obligation improvement bonds

• Competitive

• Piper Jaffray & Co. (financial adviser)

• Proceeds to finance capital improvement projects and refund existing debt

• $107,535,000 series 2016A limited tax general obligation improvement and refunding bonds (Aa1/AAA/AAA) due 2017 to 2036

• $37.75 million series 2016 unlimited tax general obligation improvement bonds (Aaa/AAA/AAA) due 2018 to 2045

• $6.04 million series 2016B taxable limited tax general obligation improvement bonds (Aa1/AAA/AAA) due 2017 to 2036

May 4

AMERICAN MUNICIPAL POWER, INC. (OHIO):

• $137,535,000 series 2016A Greenup Hydroelectric project revenue bonds (A1/A/A-)

• Negotiated

• BofA Merrill Lynch (lead)

• The Huntington Investment Co., J.P. Morgan Securities LLC, KeyBanc Capital Markets Inc., Morgan Stanley & Co. LLC, RBC Capital Markets LLC, U.S. Bancorp Investments Inc. and Wells Fargo Securities LLC (co-managers)

• Bonds due 2022 to 2036 with term bonds due 2041 and 2048

• Proceeds to make a deposit to a construction fund and repay draws made on a line of credit

COMMONWEALTH TRANSPORTATION AUTHORITY (VIRGINIA):

• $275,985,000 series 2016 transportation capital projects revenue bonds

• Competitive

• Public Resources Advisory Group (financial adviser)

• Bonds due 2017 to 2041

• Proceeds to finance transportation projects in the commonwealth

HENRY COUNTY SCHOOL DISTRICT (GEORGIA):

• $205.05 million series 2016 general obligation bonds (Aa2/AA)

• Negotiated

• Raymond James/Morgan Keegan (lead)

• Bonds due 2023 to 2033

• Proceeds to construct, equip, furnish and upgrade school facilities, as well as to purchase land for future schools, acquire buses and make technology upgrades

ILLINOIS FINANCE AUTHORITY/MERCY HEALTH:

• $484.94 million series 2016 revenue bonds (A3)

• Negotiated

• J.P. Morgan Securities LLC and Ziegler Inc. (lead)

• Proceeds to refund the health system’s series 2008, 2010A and 2012 revenue bonds

NEW HOPE CULTURAL EDUCATION FACILITIES FINANCE CORP. (TEXAS)/CARDINAL BAY INC.:

• $151,705,000 series 2016 unlimited tax refunding bonds (Aa1)

• Negotiated

• Piper Jaffray & Co. (lead)

• Proceeds to finance a loan to Cardinal Bay to purchase buildings, facilities and other real property from the senior living facility

• $88,375,000 series 2016A-1 bonds

• $16,345,000 series 2016A-2 bonds

• $94.39 million series 2016B bonds

• $22,535,000 series 2016C bonds

• $13,585,000 series 2016D bonds

NEW YORK STATE THRUWAY AUTHORITY:

• $850 million series 2016A general revenue junior obligations (A3/A-)

• Negotiated

• Citigroup Global Markets Inc. and Siebert Brandford Shank & Co. LLC (lead)

• BofA Merrill Lynch, Morgan Stanley & Co. LLC, Ramirez & Co. Inc., Fidelity Capital Markets Inc., Goldman Sachs & Co., Janney Montgomery Scott LLC, RBC Capital Markets LLC, Roosevelt & Cross Inc. and Wells Fargo Securities LLC (co-managers)

• Bonds due 2033 to 2041 with term bonds due 2046, 2051 and 2056

• Proceeds to finance the construction of the new New York bridge project

PUBLIC FINANCE AUTHORITY (WISCONSIN):

• $143 million series 2016A solid waste disposal revenue bonds (/A-/A-2)

• Negotiated

• BofA Merrill Lynch (lead)

• Siebert Brandford Shank & Co. LLC (co-manager)

• Proceeds to fund loans to the Business Finance Authority of New Hampshire to refund it series 2002 solid waste disposal bonds; the Gulf Coast Waste Disposal Authority of Texas to refund its series 2003A and 2003C solid waste disposal bonds; the Pennsylvania Economic Development Authority to refund its series 2005A solid waste disposal bonds; the Industrial Development Authority of Yavapai County, Ariz., to refund its series 2003A-1 solid waste bonds; Gilliam Count, Ore., to refund its series 2002 variable-rate solid waste bonds; the Illinois Finance Authority to refund its series 2005 solid waste disposal bonds; and the Cobb County Development Authority of Georgia to refund its series 2004A R-1 bonds

• $38 million series 2016A-1 bonds due Nov. 1, 2025

• $40 million series 2016A-2 bonds due May 1, 2027

• $55 million series 2016A-3 bonds due July 1, 2029

• $10 million series 2016A-4 bonds due April 1, 2033

May 5

MISSOURI HEALTH AND EDUCATIONAL FACILITIES AUTHORITY/SAINT LUKE’S HEALTH:

• $251.82 million series 2016 health facilities revenue bonds (A1/A+)

• Negotiated

• RBC Capital Markets LLC and J.P. Morgan Securities LLC (lead)

• Bonds due 2020 to 2035 with term bond due 2042

• Proceeds to refund the health care system’s series 2003A-B, 2005A-B and 2012B revenue bonds

PORT AUTHORITY OF NEW YORK AND NEW JERSEY:

• $475 million 195th series consolidate bonds

• Negotiated

• Ramirez & Co. Inc. (lead)

• BofA Merrill Lynch, Citigroup Global Markets Inc., RBC Capital Markets LLC, Wells Fargo Securities LLC, Loop Capital Markets LLC and Siebert Brandford Shank & Co. LLC (co-manager)

• Bonds due 2016 to 2031

• Proceeds to refund the authority’s 134th series consolidated bonds

MILWAUKEE (WISCONSIN):

• $293,765,000 series 2016 bonds and notes

• Competitive

• Public Financial Management Inc. (financial adviser)

• Proceeds to finance capital improvement projects for the city

• $90 million series 2016R1 bond anticipation notes (MIG1/SP-1+/F1+)

• $133.51 million series 2016N2 general obligation promissory notes (MIG1/SP-1+/F1+) due 2017 to 2026

• $42,725,000 series 2016B3 general obligation corporate purpose bonds (Aa3/AA/AA) due 2027 to 2033

• $27.53 million series 2016T4 general obligation corporate purpose bonds (Aa3/AA/AA) due 2017 to 2033

Week of May 9

May 10

CALIFORNIA DEPARTMENT OF WATER RESOURCES:

• $107,735,000 series AV water system revenue bonds (Aa1/AAA)

• Competitive

• Montague DeRose & Associates Inc. (financial adviser)

• Proceeds to refund all or a portion of the department’s series 1 commercial paper notes

On The Horizon

ALAMEDA CORRIDOR TRANSPORTATION AUTHORITY (CALIFORNIA):

• $661,795,000 series 2016 tax-exempt subordinate revenue refunding bonds (A2/AA)

• Negotiated

• BofA Merrill Lynch and Barclays (lead)

• Citigroup Global Markets Inc., RBC Capital Markets LLC and Stifel, Nicolaus & Co. Inc. (co-managers)

• Proceeds to refund the authority’s series 2004A subordinate lien revenue bonds

• $14.39 million series 2016A bonds due 2021 to 2025

• $647,405,000 series 2016B bonds due 2034 to 2037

BLACK BELT ENERGY GAS DISTRICT (ALABAMA):

• $500 million series 2016A gas supply revenue bonds (Aa3)

• Negotiated

• RBC Capital Markets LLC (sole)

• Bonds due 2016 to 2021 with term bond due 2046

• Proceeds to make a gas supply purchase

FLORIDA DEVELOPMENT FINANCE CORP.:

• $1.75 billion series 2015A-B All-Aboard Florida Passenger Rail project surface transportation facilities revenue bonds

• Negotiated

• BofA Merrill Lynch (lead)

• Proceeds to finance a commuter rail linking Miami with Orlando International Airport

MASSACHUSETTS DEVELOPMENT FINANCE AGENCY/SOUTH SHORE HOSPITAL:

• $116,875,000 series 2016I revenue bonds (Baa1/A-/BBB+)

• Negotiated

• Cain Brothers Inc. (sole)

• Proceeds to refund the hospital’s series F and 2011 revenue bonds

MONTEFIORE MEDICAL CENTER (NEW YORK):

• $224,965,000 series 2016 GNMA collateralized taxable revenue bonds (Aaa/AA+)

• Negotiated

• BofA Merrill Lynch (lead)

• Proceeds to acquire outstanding mortgage securities and refinance existing debt

• $91.05 million series 2016A bonds due Oct. 20, 2026

• $133,915,000 series 2016B bonds due April 20, 2032

NEW YORK TRANSPORTATION DEVELOPMENT CORP./LAGUARDIA AIRPORT:

• $2,503,960,000 series 2016 special facilities bonds (Baa3//BBB)

• Negotiated

• Citigroup Global Markets Inc., Wells Fargo Securities LLC and Barclays (lead)

• Ramirez & Co. Inc. and Siebert Brandford Shank & Co. LLC (co-managers)

• Proceeds to finance a loan to LaGuardia Gateway Partners LLC to fund the construction, improvement and renovation of a new Terminal B at LaGuardia Airport

• $2,353,960,000 series 2016A tax-exempt AMT bonds due 2032, 2033, 2034, 2035, 2036, 2037, 2041, 2046 and 2051

• $150 million series 2016B taxable bonds due 2026 and 2031

PARTNERS HEALTHCARE SYSTEM (MASSACHUSETTS):

• $100 million series 2016 taxable bonds (Aa3/AA-/AA)

• Negotiated

• J.P. Morgan Securities LLC (lead)

• BofA Merrill Lynch, Barclays, Jefferies & Co., TD Securities (USA) LLC and Wells Fargo Securities LLC (co-managers)

• Proceeds for general corporate purposes

SCIOTO COUNTY (OHIO)/SOUTHERN OHIO MEDICAL CENTER:

• $123.64 million series 2016 hospital facilities refunding revenue bonds (A2)

• Negotiated

• Barclays (lead)

• Proceeds to refund the medical center’s series 2006A-B and 2008 revenue bonds

WEST VIRGINIA HOSPITAL FINANCE AUTHORITY/WEST VIRGINIA UNITED HEALTH SYSTEM OBLIGATED GROUP:

• $246,045,000 series 2016A hospital revenue refunding bonds (A2/A)

• Negotiated

• BofA Merrill Lynch and Wells Fargo Securities LLC (lead)

• BB&T Capital Markets and Piper Jaffray & Co. (co-managers)

• Bonds due 2017 to 2036 with term bonds due 2039 and 2041

• Proceeds to be lent to the obligated group to refund its series 2003, 2006A, 2007A, 2008E and 2009C revenue bonds

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