Catholic Health East, Ga. and Pa., to price $171.87 million bonds in five tranches

By Cristal Cody

Tupelo, Miss., Feb. 27 - Catholic Health East intends to price $171.87 million revenue bonds in five tranches, according to a preliminary official statement.

The series 2009 bonds include: $71.82 million through the Development Authority of Fulton County in Georgia; $15.44 million through the Development Authority of the Unified Government of Athens- Clarke County in Georgia; $37.975 million through the Massachusetts Health and Educational Facilities Authority; $12.345 million through the Montgomery County Higher Education and Health Authority in Pennsylvania; and $34.29 million bonds through the Saint Mary Hospital Authority in Pennsylvania.

Merrill Lynch & Co. is the senior manager of the negotiated sale. The co-manager is Goldman, Sachs & Co.

The proceeds will be used to exchange the series 2007A revenue bonds sold through the Development Authority of Fulton County; series 2007B bonds sold through the Development Authority of the Unified Government of Athens - Clarke County; series 2007C bonds sold through the Massachusetts Health and Educational Facilities Authority; series 2007D bonds sold through the Montgomery County Higher Education and Health Authority; and series 2007F bonds sold through the Saint Mary Hospital Authority.

Newtown Square, Pa.-based Catholic Health East said in the statement that it also might refund bonds sold through the New Jersey Health Care Facilities Financing Authority, the City of Miami, Florida Health Facilities Authority and the Delaware County Authority in Pennsylvania.

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