Tarrant County Cultural, Texas, preps $113.57 million of revenue bonds

By Sheri Kasprzak

New York, July 8 – The Tarrant County Cultural Education Facilities Finance Corp. of Texas is expected to price $113,565,000 of series 2015 retirement facility revenue bonds for Buckingham Senior Living Community Inc., according to a preliminary official statement.

The deal includes $54,565,000 of series 2015A fixed-rate bonds, $25 million of series 2015B-1 tax-exempt mandatory paydown securities and $34 million of series 2015B-2 tax-exempt mandatory paydown securities.

The bonds will be sold through Ziegler Inc.

The maturities have not been set.

Proceeds will be used to finance the construction, equipment and improvement of facilities at Buckingham, a senior living community in Houston.

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