Kahala Nui, Hawaii, to price $76.78 million of senior living bonds

By Sheri Kasprzak

New York, June 7 - The Kahala Nui Corp. is set to price $76.78 million of series 2012 special purpose senior living revenue refunding bonds through the Department of Budget and Finance of the State of Hawaii, said a preliminary official statement.

The bonds (//BBB-) will be sold on a negotiated basis with Ziegler Capital Markets Inc. as the underwriter.

The maturity dates have not been set.

Proceeds will be used to refund the corporation's series 2003 revenue bonds, which were used to finance the construction of senior living facilities operated by Kahala Nui.

Based in Honolulu, the corporation constructs and operates senior living facilities.

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