Escambia County Health Facilities, Fla., plans $147.71 million bonds for Baptist Hospital

By Sheri Kasprzak

New York, Jan. 13 - The Escambia County Health Facilities Authority of Florida is set to sell $147.71 million in series 2010A health care facilities revenue bonds for Baptist Hospital Inc., according to a preliminary official statement.

The bonds (Baa1//BBB+) will be sold through lead manager Bank of America Merrill Lynch. The co-managers include Citigroup Global Markets Inc. and Morgan Keegan & Co. Inc.

The maturities have not been set.

Proceeds will be used to refund the hospital's series 1998 and 2003 bonds, as well as to finance the equipment and renovation of Baptist Hospital locations in Pensacola, Fla., and Gulf Breeze, Fla.

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