Michigan Finance prepares $300 million Beaumont Health revenue bonds

By Sheri Kasprzak

New York, Jan. 5 – Michigan Finance Authority plans to price $300 million of series 2016A hospital revenue bonds for the Beaumont Health Credit Group, according to a preliminary official statement.

The bonds (A1/A/) will be sold on a negotiated basis with Morgan Stanley & Co. LLC as the senior manager and RBC Capital Markets LLC and Barclays as the co-managers.

The maturities have not been set.

Proceeds will be used to renovate and expand facilities operated by the credit group.

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