California Municipal Finance Authority to sell $109.82 million bonds for Eisenhower Medical Center

By Sheri Kasprzak

New York, July 21 - The California Municipal Finance Authority is set to sell $109.815 million in series 2010A revenue bonds for the Eisenhower Medical Center, according to a preliminary official statement. The bonds are expected to price during the week of July 26.

The bonds (Baa1//A-) will be sold on a negotiated basis with Bank of America Merrill Lynch as the senior manager. The co-manager is Morgan Stanley & Co. Inc.

Proceeds will be used to refinance a bank loan, to reimburse the medical center for prior capital expenditures and to fund future capital expenditures.

The California Municipal Finance Authority has offices in Carlsbad, Calif., and provides financing to support economic development, job creation and social programs in the state.

The Eisenhower Medical Center is a not-for-profit hospital in Rancho Mirage, Calif.

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