Maryland Health arranges $230.35 million MedStar Health revenue bonds

By Sheri Kasprzak

New York, Jan. 20 – The Maryland Health and Higher Education Facilities Authority is set to price $230.35 million of series 2015 revenue bonds for MedStar Health Inc., according to a preliminary official statement.

The bonds (A2/A-/A) will be sold on a negotiated basis with J.P. Morgan Securities LLC and BofA Merrill Lynch as the senior managers. The co-managers are Citigroup Global Markets Inc., Loop Capital Markets LLC, RBC Capital Markets LLC, U.S. Bancorp Investments Inc. and Wells Fargo Securities LLC.

The maturities have not been set.

Proceeds will be used to refund the health system’s series 1998B-C, 2004 and 2007 revenue bonds.

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