New Issue: SCL Health System, Colo., brings to market $300 million revenue bonds

By Sheri Kasprzak

New York, Oct. 29 - The Colorado Health Facilities Authority priced $300 million of series 2013A revenue bonds for the SCL Health System, according to a pricing sheet.

The bonds (Aa3/AA-/AA-) were sold through Morgan Stanley & Co. LLC and BofA Merrill Lynch.

The bonds are due 2026 to 2031 with term bonds due in 2034, 2035 and 2044. The serial coupons range from 4% to 5%. The 2034 bonds have a 5% coupon priced at 101.584 and the 2035 bonds have a 5.5% coupon priced at 106.386. The 2044 bonds have a 5% coupon priced at 98.16.

Proceeds will be used to finance the construction, renovation, improvement and design of health facilities at St. Joseph's Hospital in Denver, which is operated by SCL Health System.

Issuer:	Colorado Health Facilities Authority/SCL Health System
Issue:	Series 2013A revenue bonds
Amount:	$300 million
Type:	Negotiated
Underwriters:	Morgan Stanley & Co. LLC and BofA Merrill Lynch (lead)
Ratings:	Moody's: Aa3
	Standard & Poor's: AA-
	Fitch: AA-
Pricing date:	Oct. 29
Settlement date:	Nov. 12
Amount	Maturity	Type	Coupon	Price
$1.25 million	2026	Serial	4%	100
$150,000	2027	Serial	4.125%	99.644
$965,000	2027	Serial	5%	106.884
$150,000	2028	Serial	4.25%	99.469
$2,405,000	2028	Serial	5%	105.697
$2,665,000	2029	Serial	5%	104.692
$1.33 million	2030	Serial	5%	103.698
$50,000	2031	Serial	4.5%	98.818
$12,485,000	2031	Serial	5%	103.205
$6 million	2034	Term	5%	101.584
$83,435,000	2035	Term	5.5%	106.386
$189,115,000	2044	Term	5%	98.16

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