The Findlay City School District plans this week to sell $54.2 million of school facilities construction and improvement bonds. The debt includes $50.3 million of taxable Build America Bonds and $3.9 million of tax-exempt general obligation bonds. Stifel, Nicolaus & Co. is the underwriter.
Voters in Findlay approved the borrowing in November. Proceeds from the bond issue will finance construction of two new middle schools and rehabilitate existing schools. The bonds are secured by the district’s GO unlimited-tax pledge.