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NorthBay Healthcare Group, Calif., preps $60 million revenue bond sale
By Sheri Kasprzak
New York, Oct. 10 - The California Municipal Finance Authority is set to price $60 million of series 2013 revenue bonds in two tranches for the NorthBay Healthcare Group, said preliminary official statements.
The offering includes $38,695,000 of series 2013A variable-rate revenue bonds and $21,305,000 of series 2013B revenue bonds.
The bonds (/BBB-/) will be sold on a negotiated basis with BofA Merrill Lynch as the sole underwriter.
The maturities have not been set.
Proceeds will be used to construct a three-story tower to expand the NorthBay facility on its Green Valley campus.
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