Troy University, Ala., to sell $62.91 million in revenue bonds, BABs

By Sheri Kasprzak

New York, Sept. 14 - Troy University in Alabama is expected to sell $62.905 million in series 2009 facilities revenue bonds, according to a preliminary official statement.

The offering includes $15.265 million in series 2009A facilities revenue bonds and $47.64 million in series 2009B taxable facilities revenue Build America Bonds.

Wells Fargo Securities Inc. is the senior manager. The co-managers are Morgan Keegan & Co. Inc., Raymond James & Associates Inc. and Merchant Capital LLC.

The 2009A bonds are due 2010 to 2024 with a term bond due 2028 and the 2009B bonds are due 2010 to 2019 with a term bond due 2029.

Proceeds will be used to fund improvements to the university's campus over the next two to three years.

The university is based in Troy, Ala.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.