Missouri Health prepares $82.4 million Lutheran Senior Services bonds

By Sheri Kasprzak

New York, May 8 - The Missouri Health and Educational Facilities Authority is set to price $82.4 million of series 2014A senior living facilities revenue bonds for the Lutheran Senior Services project, said a preliminary official statement.

The bonds (//BBB+) will be sold on a negotiated basis with Ziegler Inc. as the senior manager.

The bonds are due 2015 to 2026 with term bonds, the maturities of which have not been set.

Proceeds will be used to make a loan to Lutheran Senior Services for the construction and equipment of new senior living facilities, as well as to refund the authority's series 2004 and 2008 revenue bonds.

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