Tarrant County Cultural Education, Texas, preps $53.4 million offering

By Sheri Kasprzak

New York, May 1 – The Tarrant County Cultural Education Facilities Finance Corp. of Texas is on tap to price $53,405,000 of series 2015B retirement facility revenue bonds for Northwest Senior Housing Corp.’s Edgemere project, said a preliminary official statement. Pricing is expected on Wednesday.

The bonds (//BBB) will be sold on a negotiated basis with Ziegler Capital Inc. as the underwriter.

The maturities have not been set.

Proceeds will be used to finance capital projects and to refinance the corporation’s series 2006B bonds issued to construct and equip retirement facilities for Northwest.

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