Lake Hospital System, Ohio, to sell $74.205 million refunding revenue bonds

By Sheri Kasprzak

New York, June 10 - Lake Hospital System in Ohio plans to price $74.205 million in series 2008C hospital facilities refunding revenue bonds, according to a preliminary official statement.

The bonds (Baa1//A-) will be sold on a negotiated basis with Lehman Brothers as the senior manager and will be sold through the County of Lake, Ohio.

The bonds will be due in a serial structure with term bonds. The exact maturities were not immediately available.

Proceeds from the sale will be used to refund the hospital system's outstanding series 2004 and 2007 bonds.

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