Missouri Health to price $105 million revenue bonds for CoxHealth

By Cristal Cody

Tupelo, Miss., Oct. 8 - The Health and Educational Facilities Authority of the State of Missouri plans to price $105 million variable-rate revenue bonds for CoxHealth on Tuesday, a source told Prospect News.

The $70 million series 2008B bonds will price initially with a commercial paper interest rate.

The $35 million series 2008C bonds will price initially with a weekly interest rate.

The bonds (Aaa//AA+) are due in 2043.

Merrill Lynch & Co. is the senior manager of the negotiated sale, and Oppenheimer & Co. is the co-manager.

Proceeds will be used to pay or reimburse a portion of project costs for new facilities, including an emergency room, trauma center facility and an ambulatory surgery center.

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