Illinois Finance to price $78.85 million bonds for Carle Foundation

By Cristal Cody

Tupelo, Miss., Feb. 23 - The Illinois Finance Authority plans to sell $78.85 million in revenue bonds for the Carle Foundation, according to a preliminary official statement.

The series 2009A bonds (/AA-/AA-) have serial maturities from 2010 through 2020.

Goldman, Sachs & Co. is the senior manager of the negotiated sale. Barclays Capital Inc. is the co-manager.

The proceeds will be used to refinance the outstanding principal of a taxable loan made by the Northern Trust Co. on April 3, 2008 and to finance or reimburse the foundation for costs of construction and renovation of health care facilities.

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