Texas Tech University plans $173.985 million in revenue financing system bonds

By Aaron Hochman-Zimmerman

New York, Jan. 28 - Texas Tech University announced plans to offer $173.985 million in revenue financing system refunding and improvement bonds (Aa3//AA), according to a preliminary statement.

RBC Capital Markets and JPMorgan Securities Inc. will act as underwriters for the negotiated bonds.

The issue carries maturities from 2009 to 2028.

Proceeds from the sale will be used to acquire or improve school facilities and equipment.

Texas Tech is located in Lubbock, Texas.

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