Mesquite Independent School District, Texas, preps $82.39 million debt

By Sheri Kasprzak

New York, April 15 - The Mesquite Independent School District of Texas plans to price $82.39 million of series 2014 unlimited tax school building bonds on April 22, according to a preliminary official statement.

The offering includes $24,175,000 of series 2014A unlimited tax school building bonds and $58,215,000 of series 2014B unlimited tax refunding bonds.

The bonds (/AA/AA+) will be sold on a negotiated basis with Raymond James/Morgan Keegan as the senior manager. The co-managers are Oppenheimer & Co., Southwest Securities Inc. and BOSC Inc.

The 2014A bonds are due 2015 to 2039, and the 2014B bonds are due 2014 to 2030.

Proceeds will be used to construct, renovate, acquire and equip school buildings in the district, as well as to refund the district's series 2004A, 2005 and 2005A bonds.

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