PFC Lease Rev Bonds Ser 2014 (School Proj)
Last reported in fiscal year 2020, with $17,985,000 of principal then outstanding.
Terms
- Par amount
- $81,650,000
- Final maturity
- 3/15/2021
- New money / refunding
- New money $81,650,000Refunding Not reported
- Closing date
- 12/23/2014
- Purpose
- School facilities and equipment
- Sale
- Negotiated
- Pledge
- Lease-purchase
- Fiscal year issued
- 2015
Changes in BRB's data
Download CSV| Date loaded? | What changed? |
|---|---|
| Date loaded10/7/2026 | What changed
|
Source: BRB data loads; as of 10/18/2026.
Finance team
Download CSV| Role? | Firm? | Fees paid? |
|---|---|---|
| Financial advisor | First Southwest Co LLC | $130,000 |
| Financial advisor | Rice Financial | $45,000 |
| Bond counsel | Andrews & Kurth LLP | $114,500 |
| Bond counsel | Burney & Foreman | $40,500 |
| Disclosure counsel | Bracewell LLP | $40,000 |
| Disclosure counsel | West & Associates LLP | No amount reported |
| Underwriter's counsel | Fulbright & Jaworski LLP | $25,000 Paid by the underwriter |
| Other counsel | Locke Lord LLP | $14,000 |
| Rating agency | Moodys | $43,775 |
| Rating agency | S&P | $42,750 |
| Paying agent, trustee and escrow | Bank of New York Mellon Trust Co | $5,225 |
| Printing, disclosure and data services | Ipreo LLC | $4,000 |
From the costs of issuance reported to BRB. A firm that was not paid a reported fee is not listed.
Debt outstanding by fiscal year
Fiscal years 2016 to 2020
- Principal
- Interest
| Fiscal year? | Principal? | Interest? | Total debt service? |
|---|---|---|---|
| Fiscal year2020 | Principal$17,985,000 | Interest$449,625 | Total debt service$18,434,625 |
| Fiscal year2019 | Principal$35,095,000 | Interest$1,776,625 | Total debt service$36,871,625 |
| Fiscal year2018 | Principal$51,370,000 | Interest$3,938,250 | Total debt service$55,308,250 |
| Fiscal year2017 | Principal$66,850,000 | Interest$6,893,750 | Total debt service$73,743,750 |
| Fiscal year2016 | Principal$81,650,000 | Interest$10,532,250 | Total debt service$92,182,250 |
Costs of issuance
Download CSVOne-time costs to the issuer: $698,906, or $8.56 per $1,000 of par.
Shown below but not added: $25,000 paid by the underwriter.
Annual fees: $3,250. 1 row reports no amount.
| Cost? | Paid to? | Type? | Amount? | Per $1,000? |
|---|---|---|---|---|
| CostBond counsel 2 fees | 22.2% of the issuer's costs | Subtotal $155,000 | Per $1,000$1.90 | |
| CostBond counsel | Paid toAndrews & Kurth LLP | TypeOne time | Amount$114,500.00 | Per $1,000$1.40 |
| CostCo-bond counsel | Paid toBurney & Foreman | TypeOne time | Amount$40,500.00 | Per $1,000$0.50 |
| CostDisclosure counsel 2 fees | 5.7% of the issuer's costs | Subtotal $40,000 | Per $1,000$0.49 | |
| CostDisclosure counsel | Paid toBracewell LLP | TypeOne time | Amount$40,000.00 | Per $1,000$0.49 |
| CostDisclosure counsel | Paid toWest & Associates LLP | TypeOne time | AmountNot reported | Per $1,000Not reported |
| CostFinancial advisor 2 fees | 25.0% of the issuer's costs | Subtotal $175,000 | Per $1,000$2.14 | |
| CostCo-financial advisor | Paid toRice Financial | TypeOne time | Amount$45,000.00 | Per $1,000$0.55 |
| CostFinancial advisor | Paid toFirst Southwest Co LLC | TypeOne time | Amount$130,000.00 | Per $1,000$1.59 |
| CostUnderwriter 2 fees | 29.7% of the issuer's costs | Subtotal $207,906 | Per $1,000$2.55 | |
| CostUnderwriter's spread: expenses | Paid toNot reported | TypeOne time | Amount$19,149.76 | Per $1,000$0.23 |
| CostUnderwriter's spread: takedown | Paid toNot reported | TypeOne time | Amount$188,756.25 | Per $1,000$2.31 |
| CostUnderwriter's counsel 1 fee | Subtotal $25,000 | Per $1,000Not added | ||
| CostUnderwriter's counsel Counted as: Paid by the underwriter: shown, not added | Paid toFulbright & Jaworski LLP | TypeOne time | Amount$25,000.00 | Per $1,000$0.31 |
| CostRating agency 2 fees | 12.4% of the issuer's costs | Subtotal $86,525 | Per $1,000$1.06 | |
| CostRating agency | Paid toMoodys | TypeOne time | Amount$43,775.00 | Per $1,000$0.54 |
| CostRating agency | Paid toS&P | TypeOne time | Amount$42,750.00 | Per $1,000$0.52 |
| CostOther 6 fees | 4.9% of the issuer's costs | Subtotal $34,475 | Per $1,000$0.42 | |
| CostAttorney General review | Paid toNot reported | TypeOne time | Amount$9,500.00 | Per $1,000$0.12 |
| CostBank counsel | Paid toLocke Lord LLP | TypeOne time | Amount$14,000.00 | Per $1,000$0.17 |
| CostContingency | Paid toNot reported | TypeOne time | Amount$5,000.00 | Per $1,000$0.06 |
| CostPaying agent and registrar | Paid toBank of New York Mellon Trust Co | TypeOne time | Amount$1,975.00 | Per $1,000$0.02 |
| CostPaying agent and registrar Counted as: Annual fee: not added | Paid toBank of New York Mellon Trust Co | TypeAnnual | Amount$3,250.00 | Per $1,000$0.04 |
| CostPrinting | Paid toIpreo LLC | TypeOne time | Amount$4,000.00 | Per $1,000$0.05 |
| CostTotal, 17 fees | Amount$727,156 | Per $1,000 | ||
| CostCosts to the issuer | Amount$698,906 | Per $1,000$8.56 | ||
Bond counsel 2 fees22.2%$155,000$1.90 per $1,000
- Cost
- Bond counsel
- Paid to
- Andrews & Kurth LLP
- Type
- One time
- Amount
- $114,500.00
- Per $1,000
- $1.40
- Cost
- Co-bond counsel
- Paid to
- Burney & Foreman
- Type
- One time
- Amount
- $40,500.00
- Per $1,000
- $0.50
Disclosure counsel 2 fees5.7%$40,000$0.49 per $1,000
- Cost
- Disclosure counsel
- Paid to
- Bracewell LLP
- Type
- One time
- Amount
- $40,000.00
- Per $1,000
- $0.49
- Cost
- Disclosure counsel
- Paid to
- West & Associates LLP
- Type
- One time
- Amount
- Not reported
- Per $1,000
- Not reported
Financial advisor 2 fees25.0%$175,000$2.14 per $1,000
- Cost
- Co-financial advisor
- Paid to
- Rice Financial
- Type
- One time
- Amount
- $45,000.00
- Per $1,000
- $0.55
- Cost
- Financial advisor
- Paid to
- First Southwest Co LLC
- Type
- One time
- Amount
- $130,000.00
- Per $1,000
- $1.59
Underwriter 2 fees29.7%$207,906$2.55 per $1,000
- Cost
- Underwriter's spread: expenses
- Paid to
- Not reported
- Type
- One time
- Amount
- $19,149.76
- Per $1,000
- $0.23
- Cost
- Underwriter's spread: takedown
- Paid to
- Not reported
- Type
- One time
- Amount
- $188,756.25
- Per $1,000
- $2.31
Underwriter's counsel 1 fee$25,000Not added
- Cost
- Underwriter's counsel
Counted as: Paid by the underwriter: shown, not added - Paid to
- Fulbright & Jaworski LLP
- Type
- One time
- Amount
- $25,000.00
- Per $1,000
- $0.31
Rating agency 2 fees12.4%$86,525$1.06 per $1,000
- Cost
- Rating agency
- Paid to
- Moodys
- Type
- One time
- Amount
- $43,775.00
- Per $1,000
- $0.54
- Cost
- Rating agency
- Paid to
- S&P
- Type
- One time
- Amount
- $42,750.00
- Per $1,000
- $0.52
Other 6 fees4.9%$34,475$0.42 per $1,000
- Cost
- Attorney General review
- Paid to
- Not reported
- Type
- One time
- Amount
- $9,500.00
- Per $1,000
- $0.12
- Cost
- Bank counsel
- Paid to
- Locke Lord LLP
- Type
- One time
- Amount
- $14,000.00
- Per $1,000
- $0.17
- Cost
- Contingency
- Paid to
- Not reported
- Type
- One time
- Amount
- $5,000.00
- Per $1,000
- $0.06
- Cost
- Paying agent and registrar
- Paid to
- Bank of New York Mellon Trust Co
- Type
- One time
- Amount
- $1,975.00
- Per $1,000
- $0.02
- Cost
- Paying agent and registrar
Counted as: Annual fee: not added - Paid to
- Bank of New York Mellon Trust Co
- Type
- Annual
- Amount
- $3,250.00
- Per $1,000
- $0.04
- Cost
- Printing
- Paid to
- Ipreo LLC
- Type
- One time
- Amount
- $4,000.00
- Per $1,000
- $0.05
- Total, 17 fees
- $727,156
- Costs to the issuer
- $698,906$8.56 per $1,000
Per $1,000 is computed here from each amount and the par. Subtotals and totals are rounded to the whole dollar.
How these costs are counted
- Net spread counted once. Takedown, management fee, spread expenses and underwriting risk make up the underwriter's spread. Where an issue reports an amount for any of them, its row for the underwriter's net spread (the same spread as one figure) is shown as a cross-check and not added.
- Paid by the underwriter: shown, not added to the issuer's costs. Rows BRB's table marks as paid by the underwriter (whether the underwriter paid the fee) are shown and count in the fees paid to that firm and role, but not in the issuer's one-time costs, per-$1,000 figures or medians.
- The issuer's one-time costs add every other one-time row: not annual fees, not rows paid by the underwriter, not the cross-check. Per $1,000 of par divides them by the issue's par and multiplies by 1,000 (computed here).
- Missing, zero and negative amounts. A row with no amount shows "Not reported" and is added to nothing. A reported $0 counts as $0, in sums and medians. A negative amount is added as reported; where a role's or firm's one-time costs on an issue come to less than $0, that issue is left out of the medians.
- Similar issues. The median per $1,000 of par for that group across other issues by the same type of issuer, with the same pledge, sold the same way, a par half to twice this one's and a fiscal year within 3 years, shown when at least 5 report it.
- Per $1,000 on each row is computed here from its amount and the par, not taken from BRB's rounded figure.
EMMA links are added as each issue is matched.
Source: Local Issuance Fee By Year (updated by the publisher 10/6/2026); Debt Outstanding By Issuance Local By Year (updated by the publisher 9/9/2026). Loaded here 10/18/2026.
Texas fiscal years run September 1 to August 31.
Issuer names are shown as published, without source footnote letters.
Figures are as reported to the agency and have not been independently verified.