Legacy Health System, Ore., to sell $150 million revenue bonds Nov. 12

By Sheri Kasprzak

New York, Nov. 6 - The Legacy Health System of Oregon is expected to price $150 million in series 2008 revenue bonds on Nov. 12, according to a preliminary official statement. The bonds will be sold through the Hospital Facility Authority of Clackamas County, Ore.

The bonds (A2) will be sold on a negotiated basis with Citigroup Global Markets as the senior manager.

The sale includes $50 million in series 2008A bonds, $50 million in series 2008B bonds and $50 million in series 2008C bonds. All of the variable-rate bonds are due June 1, 2037, and the interest rate resets weekly.

Proceeds will be used for construction, renovation, remodeling and installing equipment at certain Legacy Health hospitals in Oregon.

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