California Health Facilities Financing plans $80 million revenue bonds

By Sheri Kasprzak

New York, Jan. 24 - The California Health Facilities Financing Authority is set to price $80 million of series 2011A insured revenue bonds for the Community Program for Persons with Developmental Disabilities, said a preliminary official statement.

The bonds (A-) will be sold on a negotiated basis with Bank of America Merrill Lynch as the senior manager.

The maturities have not been set.

Proceeds will be used to refinance outstanding acquisition loans held by the Community Program for Persons with Developmental Disabilities.

The Sacramento-based authority provides funding for health care facilities throughout the state.

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