Miami-Dade County, Fla., to price $346 million bonds for University of Miami Wednesday

By Sheri Kasprzak

New York, March 31 -Miami-Dade County in Florida will price $346 million in revenue bonds on Wednesday for the University of Miami, according to a calendar of upcoming offerings.

The bonds will be sold through negotiation with Morgan Stanley as the lead manager and Citigroup Global Markets as the co-manager.

The bonds (A2/A-/) are due from 2015 to 2019 with a term bond due 2028.

Proceeds from the sale will be used to repay a bank credit facility used to finance the purchase of Cedars Medical Center.

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