Escambia County Health Facilities Authority to sell $147.71 million in Baptist Hospital bonds Wednesday

By Sheri Kasprzak

New York, Jan. 14 - The Escambia County Health Facilities Authority of Florida is set to price $147.71 million in series 2010A health care facilities revenue bonds for Baptist Hospital Inc. on Wednesday, said a sales calendar.

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

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

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