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Maryland Health to sell $50.86 million of revenue bonds for LifeBridge
By Sheri Kasprzak
New York, March 7 - The Maryland Health and Higher Educational Facilities Authority is set to price $50.86 million of series 2011 revenue bonds for LifeBridge Health Inc., said a preliminary official statement.
The bonds (A2/A) will be sold through senior managers Bank of America Merrill Lynch and M&T Securities Inc.
The bonds are due 2012 to 2026 with term bonds due in 2031 and 2041.
Proceeds will be used to construct, renovate and equip LifeBridge Health facilities.
Based in Baltimore, the authority provides funding for health care and higher educational entities. Baltimore-based LifeBridge operates several acute-care hospitals.
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