Cullman County, Ala., health authority to price $74.8 million bonds for Cullman Regional Medical

By Sheri Kasprzak

New York, Nov. 12 - The Health Care Authority of Cullman County in Alabama is set to sell $74.795 million in series 2009A bonds for Cullman Regional Medical Center, according to a preliminary official statement.

The bonds (Baa3//BBB-) will be sold on a negotiated basis with the Frazier Lanier Co. Inc. and Merrill Lynch & Co. as the lead managers.

The maturities have not been set.

Proceeds will be used to finance or refinance obligations issued by the hospital, as well as to finance the acquisition, improvement and equipment of hospital facilities.

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