Maryland Health to sell $152.07 million bonds for Johns Hopkins Health

By Sheri Kasprzak

New York, May 20 - The Maryland Health and Higher Educational Facilities Authority is set to price $152.07 million in series 2010 revenue bonds for the Johns Hopkins Health System Obligated Group, according to a preliminary official statement.

Goldman Sachs & Co. is the senior manager. The co-managers include PNC Capital Markets LLC, Cabrera Capital Markets LLC, J.P. Morgan Securities Inc., Bank of America Merrill Lynch, Morgan Stanley & Co. Inc. and Wells Fargo Securities LLC.

The maturities have not been set.

Proceeds will be used to construct, acquire, renovate and equip two 18-story medical towers to house a cardiovascular and critical care hospital and a children's hospital at the health system's Baltimore campus.

The authority is based in Baltimore and assists health care and educational institutions with acquiring financing for capital projects.

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