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Maine Health prepares $149.71 million sale of Eastern Maine Medical revenue bonds
By Sheri Kasprzak
New York, Jan. 15 - The Maine Health and Higher Educational Facilities Authority plans to price $149.71 million of series 2013 revenue bonds for the Eastern Maine Medical Center Obligated Group, according to a preliminary official statement.
The bonds (Baa1/BBB/) will be sold on a negotiated basis with Raymond James/Morgan Keegan and Morgan Stanley & Co. LLC as the senior managers. The co-managers are Bank of America Merrill Lynch and Wells Fargo Securities LLC.
The bonds are due 2014 to 2028 with term bonds due in 2033 and 2043.
Proceeds will be used to construct, equip and renovate Eastern Maine Medical Center properties in Bangor.
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