St. Louis Industrial Development to price $58 million revenue bonds

By Sheri Kasprzak

New York, Nov. 21 - The Industrial Development Authority of St. Louis, Mo., is set to price $58 million of series 2013 senior living facilities revenue bonds for the Friendship Village Sunset Hills, according to a preliminary official statement.

The offering includes $41 million of series 2013A bonds and $17 million of series 2013B bonds.

The bonds (//A-) will be sold through Cain Brothers Inc.

The maturities have not been set.

Proceeds will be used to finance or reimburse the corporation for capital improvements to the Friendship Village Sunset Hills retirement community, including the demolition of 12 cottages.

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