Los Angeles County Regional Financing to price $143.67 million bonds

By Sheri Kasprzak

New York, May 22 - The Los Angeles County Regional Financing Authority is expected to price $143,665,000 of series 2014 insured revenue bonds for MonteCedro Inc., according to a preliminary official statement.

The bonds (/A/) will be sold through senior managers BofA Merrill Lynch and Ziegler Inc.

The offering includes $48,165,000 of series 2014A bonds and $95.5 million of series 2014B bonds.

The 2014A bonds are due 2019 to 2029 with term bonds due in 2034 and 2044. The 2014B bonds are due 2020 to 2021.

Proceeds will be used to construct, renovate and equip an assisted living facility.

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