Idaho Health Facilities prepares $101.93 million revenue bond offering

By Sheri Kasprzak

New York, Oct. 28 - The Idaho Health Facilities Authority plans to price $101,925,000 of series 2013 revenue bonds for the Terraces of Boise project, according to a preliminary official statement.

The offering includes $79,425,000 of series 2013A revenue bonds, $5 million of series 2013B-1 tax-exempt mandatory paydown securities, $7.75 million of series 2013B-2 tax-exempt mandatory paydown securities, $8.5 million of series 2013B-3 tax-exempt mandatory paydown securities and $1.25 million of series 2013C taxable mandatory paydown securities.

The bonds will be offered through Ziegler Capital Markets.

The 2013A bonds are due in 2049. The 2013B-1 bonds are due 2022, the 2013B-2 bonds are due in 2021 and the 2013B-3 bonds are due 2020. The 2013C bonds are due in 2019.

Proceeds will be used to finance or refinance the construction, acquisition and equipment of residential living apartments at the Terraces of Boise facility, as well as to refinance debt incurred during the project's completion.

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