Louisiana Public Facilities to sell $156 million bonds for Christus

By Sheri Kasprzak

New York, July 21 - The Louisiana Public Facilities Authority is set to price $156 million in series 2009A revenue refunding bonds for Christus Health, according to a preliminary official statement.

The bonds (A1/A+/) will be sold in two tranches with Citigroup Global Markets Inc. and Goldman, Sachs & Co. as the senior managers. The co-managers are Edward D. Jones & Co., Merrill Lynch & Co. Inc., Morgan Keegan & Co. Inc., Morgan Stanley & Co. Inc. and RBC Capital Markets Inc.

The maturities have not been set.

Proceeds will be used to refund existing debt and to make a deposit to a debt service reserve fund.

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

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