Acts Retirement-Life Communities to price $103.51 million of bonds

By Sheri Kasprzak

New York, June 15 - The Acts Retirement-Life Communities Obligated Group is expected to price $103,505,000 of series 2012 revenue refunding bonds, according to a preliminary official statement.

The offering includes $13,085,000 of series 2012 bonds to be sold through the Palm Beach County Health Facilities Authority of Florida, $12,025,000 of series 2012 bonds to be sold through the Gainesville and Hall County Development Authority of Georgia and $78,395,000 of series 2012 bonds to be sold through the Montgomery County Industrial Development Authority of Pennsylvania.

The bonds (/BBB+/A-) will be sold on a negotiated basis with Ziegler Capital Inc.

The maturity dates have not been set.

Proceeds will be used to refund existing debt sold for the obligated group by each of the authorities.

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