Illinois Finance to sell $575 million University of Chicago bonds

By Sheri Kasprzak

New York, July 28 – The Illinois Finance Authority is set to price $575 million of series 2014A revenue bonds for the University of Chicago, according to a preliminary official statement.

The bonds (Aa2/AA/AA+) will be sold through senior managers Barclays and PNC Capital Markets LLC. The co-managers are Loop Capital Markets LLC and William Blair & Co. Inc.

The maturities have not been set.

Proceeds will be used to finance the construction, acquisition, design and equipment of educational facilities for the university, as well as to advance refund the university’s series 2008B revenue bonds.

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