Colorado Health prepares $221.97 million revenue bonds for SCL Health

By Sheri Kasprzak

New York, May 10 – The Colorado Health Facilities Authority is set to price $221.97 million of series 2016 revenue bonds for SCL Health, according to a pricing sheet.

The deal includes $55,495,000 of series 2016A bonds, $55.49 million of series 2016B bonds, $55,495,000 of series 2016C bonds and $55.49 million of series 2016D bonds.

The maturities have not been set.

The bonds (/AA-/AA-) will be sold on a negotiated basis. BofA Merrill Lynch is the underwriter for the 2016A and 2016B bonds, and Morgan Stanley & Co. LLC is the lead manager for the 2016C and 2016D bonds.

Proceeds will be used to construct, equip, renovate and improve health care facilities at Saint Joseph’s Hospital Inc. or St. Mary’s Hospital & Medical Center, both operated by SCL.

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