Private Colleges and Universities, Ga., plans $193.6 million SCAD debt

By Sheri Kasprzak

New York, Sept. 10 – The Private Colleges and Universities Authority of Georgia is set to price $193.6 million of series 2014 revenue bonds for the Savannah College of Art and Design, according to a preliminary official statement.

The bonds (Baa2//BBB) will be sold on a negotiated basis with Wells Fargo Securities LLC as the senior manager.

The bonds are due 2015 to 2033.

Proceeds will be used to finance the construction, acquisition and equipment of school facilities in Atlanta, as well as dormitory and other facilities at its Savannah campus.

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