Life School of Dallas organizes $89.61 million sale of revenue bonds

By Sheri Kasprzak

New York, April 24 - The Life School of Dallas is set to price $89,605,000 of series 2014 revenue bonds in two tranches, said a preliminary official statement.

The offering includes $83.09 million of series 2014A education revenue bonds through the Arlington Higher Education Finance Corp. and $6,515,000 of series 2014Q taxable qualified school construction bonds through the Waxahachie Education Finance Corp.

The bonds (/BBB-/) will be sold through underwriter RBC Capital Markets LLC.

The 2014A bonds are due 2015 to 2034 with term bonds due in 2039 and 2044. The 2014B bonds are due Aug. 15, 2033.

Proceeds will be used to acquire land for the construction of a high school near Life School's Red Oak Secondary Campus and an educational building for classrooms and offices near its Red Oak Primary School Campus.

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