Kalamazoo, Mich., to price $82.62 million for Bronson Methodist Hospital

By Cristal Cody

Tupelo, Miss., Sept. 19 - The City of Kalamazoo, Mich., intends to price $82.62 million revenue refunding bonds for the Bronson Methodist Hospital, according to a preliminary official statement released Friday.

The series 2008 bonds (A2//) have serial maturities from 2010 through 2018 and terms due 2024 and 2028.

Ziegler Capital Markets will manage the negotiated sale.

Proceeds will be used to refund the $59.495 million outstanding from the series 2005A revenue refunding bonds on Oct. 15 and the $11.415 million outstanding from the 2005B revenue refunding bonds on Oct. 9, as well as to fund a debt service reserve account.

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