Sisters of Charity, Kan., Colo., Mont., to price $1.03 billion bonds

By Cristal Cody

Tupelo, Miss., April 27 - The Sisters of Charity of Leavenworth Health System plan to price $1.025 billion in revenue and revenue refunding bonds (/AA/AA-) through authorities in Colorado, Kansas and Montana, according to a preliminary official statement released late Monday.

The offering includes $327 million in series 2010A revenue bonds and $277.525 million in series 2010B revenue bonds that will be brought through the Colorado Health Facilities Authority; $202.8 million in series 2010A revenue bonds through the Kansas Development Finance Authority; and $101.8 million in series 2010A revenue bonds and $116.1 million in series 2010B revenue refunding bonds through the Montana Facility Finance Authority.

J.P. Morgan Securities Inc. is the senior manager of the negotiated sale, and Morgan Stanley & Co. Inc. is the co-manager.

Proceeds will be used to finance capital improvements and to refund outstanding bonds, including the series 1998 and series 2002A Colorado Health Facilities Authority revenue bonds; the series 1998C, series 2000J and series 2000K Kansas Development Finance Authority revenue bonds; and the series 1998 Montana Health Facility Authority revenue bonds.

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