American Museum of Natural History, N.Y., plans $98 million bond deal

By Sheri Kasprzak

New York, May 4 – The American Museum of Natural History of New York is on tap to price $98 million of series 2015 taxable bonds during the week of May 4, according to a preliminary official statement.

The bonds (Aa3/AA/) will be sold on a negotiated basis with Morgan Stanley & Co. LLC and J.P. Morgan Securities LLC as the lead managers.

The maturities have not been set.

Proceeds will be used for general corporate purposes, including the redemption of the museum’s series 2008A-1 and 2008A-2 refunding revenue bonds and the termination of a related swap agreement.

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