Susquehanna Health System, Pa., to sell $172 million bonds Wednesday

By Sheri Kasprzak

New York, Oct. 6 - The Lycoming County Authority of Pennsylvania plans to price $172 million in series 2009A health system revenue bonds for Susquehanna Health System, according to a preliminary official statement. Pricing is scheduled for Wednesday.

The bonds (/AAA/AA) will be sold on a negotiated basis with Barclays Capital Inc. and M&T Securities Inc. as the lead managers.

The maturities have not been set.

Proceeds will be used to construct a new energy service center at Williamsport Hospital, to renovate Muncy Valley Hospital, as well as to refund the authority's series 1995 bonds.

Susquehanna Health is a three-hospital health system based in Williamsport, Pa.

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