New Issue: Maryland Health offers up $60.37 million Loyola University revenue debt

By Sheri Kasprzak

New York, Sept. 24 – The Maryland Health and Higher Educational Facilities Authority priced $60,365,000 of series 2014 revenue bonds for Loyola University, said a pricing sheet.

The bonds (A2/A/) were sold through BofA Merrill Lynch and Morgan Stanley & Co. LLC.

The bonds are due 2027 to 2034 with term bonds due in 2039 and 2045. The serial coupons range from 3.25% to 5% with 2.88% to 3.63% yields. The 2039 bonds have a 4% coupon priced at 101.637 to yield 3.80%. The 2045 bonds have a 4% coupon priced at 100.731 to yield 3.91% and a 5% coupon priced at 112.387 to yield 3.51%.

Proceeds will be used to refund the authority’s series 2006A revenue bonds issued for the university.

Issuer:	Maryland Health and Higher Educational Facilities Authority/Loyola University
Issue:	Series 2014 revenue bonds
Amount:	$60,365,000
Type:	Negotiated
Underwriters:	BofA Merrill Lynch and Morgan Stanley & Co. LLC
Ratings:	Moody’s: A2
	Standard & Poor’s: A
Pricing date:	Sept. 24
Settlement date:	Oct. 30
Amount	Maturity	Type	Coupon	Price	Yield
$1.4 million	2027	Serial	5%	118.176	2.88%
$1,465,000	2028	Serial	5%	117.516	2.95%
$1.54 million	2029	Serial	3.25%	98.947	3.34%
$1.59 million	2030	Serial	4%	104.927	3.41%
$1,655,000	2031	Serial	4%	104.413	3.47%
$1,725,000	2032	Serial	5%	115.284	3.19%
$1,805,000	2033	Serial	4%	103.478	3.58%
$1,885,000	2034	Serial	3.5%	98.165	3.63%
$10.53 million	2039	Term	4%	101.637	3.80%
$18.48 million	2045	Term	4%	100.731	3.91%
$18.29 million	2045	Term	5%	112.387	3.51%

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