Houston ISD Public Facility, Texas, preps $85 million bond offering

By Sheri Kasprzak

New York, Dec. 2 – The Houston Independent School District Public Facility Corp. of Texas is expected to price $85 million of series 2014 school projects lease revenue bonds, according to a preliminary official statement.

The bonds (Aa1/AA/) will be sold through Loop Capital Markets LLC. The co-managers are Estrada Hinojosa & Co. Inc., Ramirez & Co. Inc. and Siebert Brandford Shank & Co. LLC.

The bonds are due 2016 to 2020.

Proceeds will be used to acquire, equip, furnish, replace and renovate school facilities.

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