Case Western Reserve University of Ohio to sell $180.32 million revenue bonds May 21

By Sheri Kasprzak

New York, May 15 - Case Western Reserve University in Ohio plans to price $180.32 million in series 2008 private university revenue bonds, a source at the university's finance office confirmed Thursday.

The bonds (A1//) will be sold through the Ohio Higher Educational Facility Commission.

The sale includes $60 million in series 2008A bonds, $33.75 million in series 2008B-1 bonds, $33.75 million in series 2008B-2 bonds and $52.82 million in series 2008C bonds.

The bonds will be sold on a negotiated basis with Morgan Stanley as the senior manager.

Proceeds will be used to refund the university's series 2004 auction-rate bonds.

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