Georgia Private Colleges plans $89 million of Mercer University bonds

By Sheri Kasprzak

New York, Jan. 23 - The Georgia Private Colleges and Universities Authority is expected to price $89,005,000 of series 2012 revenue refunding bonds on behalf of Mercer University, according to a sales calendar. The offering is set to price Thursday.

The bonds (Baa2) will be sold through George K. Baum & Co.

The sale includes $79,215,000 of series 2012A bonds and $9.79 million of series 2012A taxable revenue refunding bonds.

Proceeds will be used to refund existing revenue bonds for the university.

The authority, based in Atlanta, provides financing for the state's private colleges and universities. Mercer is also located in Atlanta.

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