By Sheri Kasprzak
New York, Nov. 18 - Children's Healthcare of Atlanta priced $298.5 million in series 2009 revenue bonds, said a sellside source familiar with the deal.
The bonds (Aa2/AA/) were sold through lead managers J.P. Morgan Securities Inc. and SunTrust Robinson Humphrey. The co-managers were Wells Fargo Securities Inc., Citigroup Global Markets Inc. and Merrill Lynch & Co.
The deal included $247.7 million in series 2009 revenue anticipation certificates sold through the DeKalb Private Hospital Authority and $50.8 million in series 2009 revenue bonds sold through the Development Authority of Fulton County.
The revenue certificates are due 2010 to 2021 with term bonds due 2024, 2029, 2034 and 2039. The yields range from 1.72% to 5.45%.
The revenue bonds are due 2011 to 2021 with term bonds due 2029, 2034 and 2039. Yields range from 1.72% to 5.45%.
Proceeds will be used to refund bonds issued for the health-care system by each authority.
| Issuer: | Children's Healthcare of Atlanta, through DeKalb Private Hospital Authority and the Development Authority of Fulton County
|
| Issue: | Series 2009 revenue bonds and revenue anticipation certificates
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| Amount: | $298.5 million
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| Maturities: | 2010 to 2021 with term bonds due 2024, 2029, 2034 and 2039 (for revenue anticipation certificates); 2011 to 2021 with term bonds due 2029, 2034 and 2039 (for revenue bonds)
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| Yields: | 1.72% to 5.45% (for both bonds)
|
| Type: | Negotiated
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| Underwriters: | J.P. Morgan Securities Inc. and SunTrust Robinson Humphrey (leads), Wells Fargo Securities Inc., Citigroup Global Markets Inc. and Merrill Lynch & Co. (co-managers)
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| Ratings: | Moody's: Aa2
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| Standard & Poor's: AA
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| Pricing date: | Nov. 18
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