Rhode Island Health prepares $266.82 million of Lifespan revenue bonds

By Sheri Kasprzak

New York, July 19 – The Rhode Island Health and Educational Building Corp. plans to price $266.82 million of series 2016 hospital financing revenue refunding bonds for Lifespan Obligated Group, according to a preliminary official statement.

The bonds (/BBB+/BBB+) will be sold through senior managers Morgan Stanley & Co. LLC and Wells Fargo Securities LLC. The co-managers are Janney Montgomery Scott LLC and Oppenheimer & Co.

The maturities have not been set.

Proceeds will be used to refund the obligated group’s series 1996 and 2006A revenue bonds.

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