William Paterson University of New Jersey to sell $90 million revenue bonds June 4

By Sheri Kasprzak

New York, May 8 - William Paterson University in New Jersey plans to price $90 million in series 2008C revenue bonds on June 4, a source familiar with the sale told Prospect News Thursday.

The bonds (A2) will be sold through the New Jersey Educational Facilities Authority and will be sold on a competitive basis with Public Financial Management as the financial adviser.

Proceeds will be used to construct an addition to the university's science building and to renovate the existing building. Some of the proceeds will refund the university's series 1998D bonds.

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