Maryland Health coordinates $163.63 million of LifeBridge Health bonds

By Sheri Kasprzak

New York, July 9 – The Maryland Health and Higher Educational Facilities Authority is set to price $163,625,000 of series 2015 revenue bonds for LifeBridge Health, according to a preliminary official statement.

The bonds (A1/A+/) will be sold on a negotiated basis with BofA Merrill Lynch as the senior manager. The co-managers are BB&T Capital Markets, Citigroup Global Markets Inc. and M&T Securities Inc.

The bonds are due 2018 to 2035 with term bonds due 2040, 2045 and 2047.

Proceeds will be used to finance the acquisition of an uninterruptible power supply at Sinai Hospital in Baltimore, inpatient department improvements at Sinai, renovations to the operating and emergency departments at Northwest Hospital in Baltimore and various renovations at Carroll Hospital in Westminster.

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