Maryland Health plans $130.37 million Peninsula Regional Medical bonds

By Sheri Kasprzak

New York, Jan. 12 – The Maryland Health and Higher Education Facilities Authority is expected to price $130,365,000 of series 2015 revenue bonds for the Peninsula Regional Medical Center, according to a preliminary official statement.

The bonds (A2/A/) will be sold on a negotiated basis with Morgan Stanley & Co. LLC as the senior manager. The co-managers are BofA Merrill Lynch and M&T Securities Inc.

The bonds are due 2015 to 2034 with term bonds due in 2039 and 2045.

Proceeds will be used to replace a transformer, renovate and equip operating and special procedures rooms, acquire equipment and acquire the components of an electronic medical records system.

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