Louisiana Public Facilities to price $87.34 million bonds for Lafayette General Medical Center

By Sheri Kasprzak

New York, July 27 - The Louisiana Public Facilities Authority is set to sell $87.335 million in series 2010 hospital revenue and refunding bonds for Lafayette General Medical Center, according to a preliminary official statement.

The bonds (A3//A-) will be sold through senior manager Bank of America Merrill Lynch. The co-managers are J.P. Morgan Securities Inc. and Morgan Keegan & Co. Inc.

The bonds are due 2011 to 2013 with term bonds due 2025, 2030 and 2040.

Proceeds will be used to construct, equip, acquire and remodel the medical center's main hospital campus. The remainder will be used to refund the medical center's series 1998 bonds.

The authority, based in Baton Rouge, La., promotes and encourages public and industrial activities within the state.

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