Dasny arranges $68.9 million sale of Orange Regional Medical bonds

By Sheri Kasprzak

New York, April 22 – The Dormitory Authority of the State of New York is set to price $68.9 million of series 2015 revenue bonds for the Orange Regional Medical Center Obligated Group, according to a preliminary official statement.

The bonds (Ba1//BB+) will be sold on a negotiated basis with J.P. Morgan Securities LLC and BofA Merrill Lynch as the lead managers.

The maturities have not been set.

Proceeds will be used to finance a new cancer center and a parking facility for the medical center.

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