California to Issue $19.2 Million in Revenue Bonds for Clinics, Offices
By Chris Wack
The California Municipal Finance Authority is offering $19.2 million in revenue bonds to finance the purchase of two buildings to be used as a clinic and administrative offices for Gracelight Community Health.
The bonds would be sold in two tranches, according to documents on MuniOS.
The authority is selling $19.1 million in Series 2025 A bonds, and $175,000 in Series 2025 B federally taxable bonds.
The Series 2025 A bonds mature from June 1, 2026, through 2035. The Series 2025 B bonds mature in 2026. Interest on the bonds will be payable beginning June 1, 2026, and on each subsequent June 1 and Dec. 1.
Proceeds would be used to buy, construct, furnish and equip leasehold improvements within two different buildings in Los Angeles to use as clinics, and a building in Los Angeles for use as administrative offices.
The California Municipal Finance Authority sells bonds and other obligations in order to support economic development, job creation and social programs throughout California.
Piper Sandler is listed as the offering's manager.
The bonds were rated BBB+ by Fitch Ratings.
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
December 05, 2025 13:14 ET (18:14 GMT)
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