Maine health and education to price $91.5 million in revenue bonds

By Sheri Kasprzak

New York, Nov. 10 - The Maine Health and Higher Educational Facilities Authority plans to sell $91.5 million in series 2009A revenue bonds, according to a preliminary official statement.

The bonds (Aa3//AA) will be sold on a negotiated basis with Morgan Stanley & Co. Inc. and Wachovia Bank, N.A. as the senior managers. The co-managers are Barclays Capital Inc., Cain Brothers and Merrill Lynch & Co.

The maturities have not yet been set.

Proceeds will be used to construct, acquire, renovate, improve and equip health care and educational facilities throughout the state, as well as to repay a loan.

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