University of Chicago to sell $500 million revenue bonds Thursday

By Sheri Kasprzak

New York, Dec. 1 - The University of Chicago is expected to sell $500 million in series 2008B revenue bonds Thursday, according to a calendar of upcoming sales.

The bonds will be sold on a negotiated basis through the Illinois Finance Authority.

The senior manager is J.P. Morgan Securities Inc. The co-managers are Banc of America Securities LLC, Cabrera Capital Markets, Goldman, Sachs & Co., Jackson Securities, Loop Capital Markets, Morgan Stanley & Co. Inc. and William Blair & Co.

Proceeds will be used for financing, refinancing or reimbursing the University of Chicago for the construction, acquisition, equipment or renovation of educational facilities on campus.

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