New Hampshire HEFA plans $75 million sale of revenue bonds for Dartmouth-Hitchcock

By Sheri Kasprzak

New York, May 21 - The New Hampshire Health and Educational Facilities Authority is set to sell $75 million in series 2010 revenue bonds for the Dartmouth-Hitchcock Obligated Group, according to a preliminary official statement.

The bonds (/A+/A+) will be sold through senior managers J.P. Morgan Securities Inc. and Morgan Stanley & Co. Inc. The co-managers are Bank of America Merrill Lynch and Edward Jones & Co.

The maturities have not been set.

Proceeds will be used to construct an ambulatory care facility at the health system's Nashua, N.H., campus, as well as to construct, equip and rehabilitate Dartmouth-Hitchcock facilities in Lebanon, N.H.

Based in Concord, N.H., the authority provides financing for health and educational capital projects. The obligated group is based in Lebanon, N.H., and operates hospitals and other health facilities.

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