Maryland Health arranges $141.18 million Mercy Medical revenue bonds

By Sheri Kasprzak

New York, Feb. 9 – The Maryland Health and Higher Educational Facilities Authority is set to price $141.18 million of series 2016A revenue bonds for the Mercy Medical Center, according to a preliminary official statement.

The bonds (Baa2/BBB) will be sold on a negotiated basis with Jefferies & Co. as the senior manager and BofA Merrill Lynch and M&T Securities Inc. as the co-managers.

The maturities have not been set.

Proceeds will be used to refund the center’s series 2011B, 2013 and 2013B revenue bonds.

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