Travis County Health Facilities, Texas, to price $112.25 million of Longhorn Village bonds

By Sheri Kasprzak

New York, Feb. 21 - The Travis County Health Facilities Development Corp. is set to price $112,245,000 of series 2012 first mortgage revenue refunding bonds for the Longhorn Village project, according to a preliminary official statement.

The deal includes $83,635,000 of series 2012A fixed-rate bonds, $5 million of series 2012B adjustable-rate bonds, $19 million of series 2012C-1 temporary fixed-rate bonds and $4.61 million of series 2012C-2 taxable temporary fixed-rate bonds.

The bonds will be sold on a negotiated basis with BB&T Capital Markets Inc. and ME Allison & Co. Inc.

The 2012A bonds are due in 2022, 2032, 2042 and 2047. The 2012B bonds are due Jan. 1, 2047. The maturities for the 2012C bonds have not been set.

Proceeds will be used to fund working capital needs of the Longhorn Village retirement community in Austin, Texas, as well as to refund existing debt and to terminate a swap agreement connected to the refunded bonds.

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