Maryland Health to sell $50.37 million of revenue bonds for Loyola

By Sheri Kasprzak

New York, May 10 - The Maryland Health and Higher Educational Facilities Authority is prepared to price $50.37 million of series 2012A revenue bonds for Loyola University Maryland, according to a preliminary official statement.

The bonds (A2/A/) will be sold on a negotiated basis with Bank of America Merrill Lynch as the underwriter.

The bonds are due 2012 to 2032 with term bonds due in 2034 and 2039.

Proceeds will be used to current refund the university's series 1996B, 1999, 2006B, 2007 and 2008 bonds, as well as to terminate a swap agreement connected to those bonds.

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