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Clifton Higher Education, Texas, to sell $111.24 million revenue bonds
By Sheri Kasprzak
New York, Aug. 13 – The Clifton Higher Education Finance Corp. of Texas is expected to price $111,235,000 of series 2015 education revenue bonds for the International Leadership of Texas, according to a preliminary official statement.
The deal includes $105.87 million of series 2015A bonds and $5,365,000 of series 2015B taxable bonds.
The maturities of the 2015A bonds have not been set. The 2015B bonds are due 2016 to 2019.
The bonds will be sold on a negotiated basis with BB&T Capital Markets Inc.
Proceeds will be used to finance the construction, equipment, improvement and acquisition of classrooms, administrative spaces and facilities for open-enrollment charter schools in Fort Worth, Garland and Arlington.
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