Colorado Health Facilities to price $155.75 million of revenue bonds

By Cristal Cody

Prospect News, Aug. 6 - Colorado Health Facilities Authority intends to price $155,745,000 in three tranches of revenue and refunding bonds (/BBB-/BBB+) for Covenant Retirement Communities, Inc., according to a preliminary official statement.

The offering includes $107,040,000 of series 2012A bonds, $23,585,000 of series 2012B bonds and $25,120,000 of series 2012C bonds.

Ziegler Capital Markets Inc. will manage the negotiated sale.

Proceeds will be used to finance the acquisition, construction, renovation, remodeling and equipping of retirement communities and to refund outstanding revenue bonds.

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