St. Johns County IDA, Fla., to price $113 million bonds for Presbyterian Retirement Thursday

By Sheri Kasprzak

New York, July 21 - The St. Johns County Industrial Development Authority is set to bring its previously announced $113 million in series 2010A revenue bonds for Presbyterian Retirement Communities on Thursday, according to a sales calendar.

The bonds (//A-) will be sold through Raymond James & Associates Inc. and Herbert J. Sims & Co.

The bonds are due 2017 to 2020 with term bonds due 2030, 2040 and 2045.

Proceeds will be used to refund existing bonds, which were used to construct retirement communities in St. Petersburg, Jacksonville, Winter Park, Tallahassee, Orlando and Bradenton, Fla.

Based in St. Augustine, Fla., the authority provides financing for industrial development projects. Presbyterian is based in Lakeland, Fla.

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