Baltimore's Kennedy Krieger Institute Secures $94.3M Bond Offering for Renovations

The Kennedy Krieger Institute in Baltimore will use proceeds from a $94.3M bond offering to fund the renovation of an inpatient specialty rehabilitation unit, implement a new enterprise resource planning system, and make improvements to other facilities. The bonds, rated BBB- and BBB by S&P Global Ratings and Fitch Ratings, respectively, will mature between 2035 and 2056. Proceeds will also be used to refinance outstanding bonds and terminate interest-rate swaps.