ABAG Finance Authority, Calif., plans $167.9 million Sharp Health debt

By Sheri Kasprzak

New York, Jan. 16 - The ABAG Finance Authority for Nonprofit Corporations of California plans to price $167.9 million of series 2014A revenue bonds for Sharp HealthCare, according to a preliminary official statement.

The bonds (A1/AA-/) will be sold on a negotiated basis with Goldman, Sachs & Co. and Citigroup Global Markets Inc.

The maturities have not been set.

Proceeds will be used to finance or refinance the construction, acquisition, renovation, improvement and equipment of Sharp HealthCare facilities as well as to refund its series 2003C revenue bonds.

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