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MedStar Health, Md., coordinates $147.44 million revenue bond deal
By Sheri Kasprzak
New York, May 1 - The Maryland Health and Higher Educational Facilities Authority plans to price $147.44 million of series 2013B revenue bonds for MedStar Health, according to a preliminary official statement.
The bonds (A2/A/A-) will be sold on a negotiated basis with Citigroup Global Markets Inc. and J.P. Morgan Securities LLC as the senior managers. The co-managers are BofA Merrill Lynch, Loop Capital Markets LLC, RBC Capital Markets LLC, US Bancorp Investments Inc. and Wells Fargo Securities LLC.
The maturities have not been set.
Proceeds will be used to refinance part of a bridge loan utilized to fund capital projects.
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