Loma Linda University Medical, Calif., to price $70 million bonds

By Cristal Cody

Tupelo, Miss., Oct. 21 - Loma Linda, Calif., intends to price $70 million in revenue bonds for the Loma Linda University Medical Center, according to a preliminary official statement.

The series 2008A term bonds (Baa2/BBB/BBB+) are due in 2028 and 2038.

Goldman, Sachs & Co. is the senior manager of the negotiated sale, and Kinsell, Newcomb & De Dios Inc. is the co-manager.

The proceeds will be used to finance, refinance and reimburse the medical center for the cost to acquire and equip the California Heart and Surgical Hospital and to fund a debt service reserve account.

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