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Princeton Theological Seminary organizes $85 million taxable bond deal
By Sheri Kasprzak
New York, July 15 - The Princeton Theological Seminary of New Jersey is expected to price $85 million of series 2013 taxable bonds, according to a preliminary official statement.
The bonds (Aa1/AAA/) will be sold on a negotiated basis with Morgan Stanley & Co. LLC as the senior manager and Wells Fargo Securities LLC as the co-manager.
The maturities have not been set.
Proceeds will be used for general corporate purposes of the seminary, as well as to refund the seminary's series 2002G bonds and a line of credit.
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