Maryland Health preps $98.6 million sale of revenue bonds for Frederick Memorial

By Sheri Kasprzak

New York, Nov. 5 - The Maryland Health and Higher Educational Facilities Authority is set to sell $98,595,000 of series 2012A revenue bonds for the Frederick Memorial Hospital, according to a preliminary official statement.

The bonds (Baa1//BBB+) will be sold through lead managers BB&T Capital Markets and PNC Capital Markets LLC.

The bonds are due 2013 to 2027 with term bonds due in 2035 and 2038.

Proceeds will be used to relocate the hospital's helipad to the roof, renovate hospital rooms and other facilities and refund the hospital's series 2002 revenue bonds.

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