Maryland Health prepares $94.7 million of Johns Hopkins revenue bonds

By Sheri Kasprzak

New York, June 6 - The Maryland Health and Higher Educational Facilities Authority is expected to price $94,695,000 of series 2013B revenue bonds for Johns Hopkins University, according to a preliminary official statement.

The bonds (Aa2/AA/AA+) will be sold through senior managers Goldman, Sachs & Co. and Morgan Stanley & Co. LLC with J.P. Morgan Securities LLC and Ramirez & Co. as the co-managers.

The bonds are due from 2020 to 2023 with a term bond due in 2041.

Proceeds will be used to finance a loan to the university, as well as to refund the university's series 2001B and 2004A revenue bonds.

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