Ector County Hospital, Texas, to sell $54.92 million revenue bonds

By Sheri Kasprzak

New York, April 20 - The Ector County Hospital District of Texas is expected to sell $54.915 million in series 2010 revenue bonds, according to a preliminary official statement.

The bonds (/AA-/AA-) will be sold in two tranches - an A tranche of tax-exempt bonds and a B tranche of Build America Bonds - but the exact breakdown for the amount of each tranche was not immediately available.

The bonds will be sold on a negotiated basis with Bank of America Merrill Lynch and Wells Fargo Securities Inc.

The maturities have not been set.

The district plans to use the proceeds to refund the Medical Center Hospital's series 2002A bonds. The Medical Center Hospital is based in Odessa, Texas.

The district, based in Odessa, operates hospitals and other health facilities within the Odessa metropolitan area.

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