• State High Project Bond Sale.

    2/18/15 Update: Bond Sale for the State High Project

    The State College Area School District conducted a bond sale with a priority retail order period beginning on February 17, 2015. The sale opened on the institutional market on February 18, 2015.

    The final pricing provided the district with $85 million in proceeds for the funding of the debt approved through a referendum election in 2014 for the State High Project.

    The district would like to thank the financing team and investors participating in the bond sale. The district will provide more information regarding the results of the sale as it is made available.

    The State College Area School District Announces Financing Plans for the State High Project
    • View the Bond Sale Announcement.
    • The Board of Directors announces plans to secure financing for the State High Project.
    • Debt in the amount of $85 million will be incurred through the sale of General Obligation Bonds.
    • On February 17, 2015, a priority order period begins for the bonds for retail buyers.
    • Interested individuals may contact any of the firms listed below for a Preliminary Official Statement for these State College Area School District Bonds.

    Bank of America Merrill Lynch  (814) 231-8901
    Janney Montgomery Scott  (800) 526-6397
    Edward Jones  (800) 335-6637
    Raymond James (727) 567-2800
    Morgan Stanley & Co.  (877) 937-6739
    The Preliminary Official Statement is provided here for interested parties.
    Under no circumstances shall this announcement constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of the Bonds in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The Bonds will be sold by means of an Official Statement. 



Last Modified on February 18, 2015