Illinois Finance coordinates $400 million University of Chicago bonds

By Sheri Kasprzak

New York, Aug. 10 – The Illinois Finance Authority is set to price $400 million of series 2015A revenue bonds for the University of Chicago, according to a preliminary official statement.

The bonds (Aa2/AA/AA+) will be sold on a negotiated basis with Barclays and RBC Capital Markets LLC as the senior managers. The co-managers are Loop Capital Markets LLC, Wells Fargo Securities LLC and William Blair & Co. Inc.

The maturities have not been set.

Proceeds will be used to finance the construction, acquisition, improvement and repair of university facilities, as well as to advance refund the university’s series 2007 revenue bonds.

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