Louisiana Public Facilities plans $150 million hospital revenue bonds

By Aaron Hochman-Zimmerman

New York, July 8 - The Louisiana Public Facilities Authority will offer $150 million series 2009A hospital revenue bonds (A2/A+/), according to a preliminary offering statement.

The bonds will be divided into a $136.025 million term bond due July 1, 2039 and a $13.975 million term bond due July 1, 2029.

J.P. Morgan Securities Inc., Merrill Lynch Banc of America Securities LLC and Morgan Stanley & Co. Inc. will act as underwriters for the negotiated deal.

Proceeds from the sale will be used to finance the refurbishing and reequipping of the Lady of Lourdes Regional Medical Center in Lafayette, La.

The Louisiana Public Facilities Authority is located in Baton Rouge, La.

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