Louisiana Public Facilities to sell $87.34 million bonds for Lafayette General Medical Thursday

By Sheri Kasprzak

New York, July 30 - The Louisiana Public Facilities Authority is set to price $87.335 million in series 2010 hospital revenue and refunding bonds for the Lafayette General Medical Center on Thursday, according to a sales calendar.

The bonds (A3//A-) will be sold on a negotiated basis with Bank of America Merrill Lynch as the senior manager. 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.

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