St. Louis IDA, Mo., coordinates $74.11 million of senior living bonds

By Sheri Kasprzak

New York, Oct. 23 – The St. Louis Industrial Development Authority of Missouri is slated to price $74.11 million of series 2015 senior living facilities revenue bonds for the St. Andrew’s Resources for Seniors Obligated Group during the week of Oct. 26, according to a sales calendar.

The bonds will be sold through senior manager Cain Brothers.

The deal includes $59.71 million of series 2015A bonds and $14.4 million of series 2015B bonds.

Proceeds will be used to finance capital improvements at St. Andrews’ senior living facilities.

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