Baylor University to sell $120 million of revenue bonds

By Cristal Cody

Prospect News, Jan. 30 - Baylor University plans an offering of $120 million of series 2012 revenue bonds (/AA-/AA-) through Waco Education Finance Corp., according to a preliminary official statement.

Barclays Capital Inc. will manage the negotiated sale.

Proceeds will be used to finance and refinance the cost of construction and improvements and to refinance a portion of the $15 million outstanding from series A commercial paper notes.

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