Massachusetts Development Finance offers $290 million CareGroup bonds

By Sheri Kasprzak

New York, Aug. 13 – The Massachusetts Development Finance Agency is set to price $290 million of series 2015 revenue bonds for CareGroup Inc., according to a preliminary official statement.

The deal includes $240 million of series 2015H-1 bonds and $50 million of series 2015H-2 taxable bonds.

The bonds (A3/A-/) will be sold on a negotiated basis with Citigroup Global Markets Inc. as the senior manager and BofA Merrill Lynch and Goldman Sachs & Co. as the co-managers.

The maturities have not been set.

Proceeds will be used to refund the agency’s series 1998D, 2003E and 2005D bonds.

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