Texas A&M University coordinates $418.38 million revenue bond offering

By Sheri Kasprzak

New York, March 21 – Texas A&M University is set to price $418,375,000 of series 2016 revenue financing system bonds, according to a preliminary official statement.

The offering includes $92.63 million of series 2016A taxable bonds and $325,745,000 of series 2016B taxable bonds.

The bonds will be sold on a negotiated basis. Raymond James/Morgan Keegan and Siebert Brandford Shank & Co. LLC are the senior managers for the 2016A bonds, and RBC Capital Markets LLC and Goldman, Sachs & Co. are the lead managers for the 2016B bonds. The co-managers for the 2016B bonds are Ramirez & Co. Inc. and Loop Capital Markets LLC.

The 2016A bonds are due 2016 to 2037, and the 2016B bonds are due 2017 to 2045.

Proceeds will be used to finance capital improvements to the university facilities and to refund the series 2008 revenue financing system bonds.

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