Massachusetts Development eyes $235 million Partners HealthCare bonds

By Sheri Kasprzak

New York, Jan. 6 – The Massachusetts Development Finance Agency is set to price $235,275,000 of series 2016Q revenue bonds for the Partners HealthCare System, according to a preliminary official statement.

The bonds will be sold through J.P. Morgan Securities LLC. The co-managers are BofA Merrill Lynch, Barclays, BNY Mellon Capital Markets LLC, Jefferies & Co., TD Securities (USA) LLC, U.S. Bancorp Investments Inc. and Wells Fargo Securities LLC.

The maturities have not been set.

Proceeds will be used to finance the construction and equipment of a new clinical research facility, an underground parking facility, an administrative building and a special care nursery, as well as capital improvements to other Partners facilities.

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