Pennsylvania Higher Education plans $300 million university bond deal

By Sheri Kasprzak

New York, Feb. 4 – The Pennsylvania Higher Educational Facilities Authority is set to price $300 million of series 2015A Thomas Jefferson University fixed-rate revenue bonds, according to a preliminary official statement.

The bonds (A1/A/) will be sold on a negotiated basis through BofA Merrill Lynch and J.P. Morgan Securities LLC.

The bonds are due 2025 to 2035 with term bonds due in 2040, 2045 and 2050.

Proceeds will be used to purchase capital assets and make capital improvements to university facilities, as well as to refund the university’s series 2008A-B revenue bonds.

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