North Carolina Capital Facilities to price $61.17 million of bonds for High Point University

By Sheri Kasprzak

New York, June 14 - The North Carolina Capital Facilities Finance Agency plans to sell $61.17 million of series 2012 educational facilities revenue bonds for High Point University, according to a preliminary official statement.

The bonds (/BBB+/) will be sold on a negotiated basis with BB&T Capital Markets and Wells Fargo Securities LLC as the senior managers.

The bonds are due 2013 to 2029 with term bonds due in 2031 and 2034.

Proceeds will be used to finance the construction, acquisition and equipment of a new three-story residence hall, as well as to refund the university's series 2006, 2007 and 2008 revenue bonds and to repay a line of credit received in 2009.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.