Masonic Homes of Kentucky arranges $50 million of health care bonds

By Sheri Kasprzak

New York, Sept. 24 - The Kentucky Economic Development Authority is prepared to sell $50 million of series 2012 health care facilities revenue and revenue refunding bonds for the Masonic Homes of Kentucky, according to a preliminary official statement.

The bonds will be sold on a negotiated basis with Ziegler Capital Inc. as the senior manager.

The maturity dates have not been set.

Proceeds will be used to construct, equip, acquire and renovate Masonic Homes of Kentucky properties, as well as to refund the authority's series 2009 and 2010 revenue bonds.

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