Maryland Health to sell $75.91 million bonds for University of Maryland Medical System

By Sheri Kasprzak

New York, April 28 – The Maryland Health and Higher Educational Facilities Authority is set to price $75,905,000 of series 2015 revenue bonds for the University of Maryland Medical System, according to a preliminary official statement.

The bonds (A2/A-/A) will be sold on a negotiated basis with J.P. Morgan Securities LLC as the lead manager and M&T Securities Inc. and Wells Fargo Securities LLC as the co-managers.

The maturities have not been set.

Proceeds will be used to refund the medical system’s series 2006A and 2008C revenue bonds.

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