Widener University, Pa., organizes $52.52 million sale of revenue debt

By Sheri Kasprzak

New York, Oct. 10 - The Pennsylvania Higher Educational Facilities Authority plans to sell $52.52 million of series 2013A revenue bonds for Widener University, according to a preliminary official statement.

The bonds (/BBB+/A-) will be sold on a negotiated basis with BofA Merrill Lynch as the sole underwriter.

The bonds are due 2014 to 2028 with term bonds due in 2033 and 2038.

Proceeds will be used to current refund the authority's series 2003 revenue bonds issued for the university and to advance refund its series 2005 revenue bonds.

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