By Sheri Kasprzak
New York, Oct. 18 - The Louisiana Public Facilities Authority priced $100 million of series 2012B hospital revenue bonds for the Franciscan Missionaries of Our Lady Health System, according to a pricing sheet.
The bonds (A2/A+/) were sold through J.P. Morgan Securities LLC.
The bonds are due July 1, 2042 and have a split maturity with a 4% coupon priced at 98.966 and a 5% coupon priced at 107.946.
Proceeds will be used to construct, equip and acquire a patient tower and to make other capital improvements at the Our Lady of the Lake Regional Medical Center in Baton Rouge.
| Issuer: | Louisiana Public Facilities Authority/Franciscan Missionaries of Our Lady Health System
|
| Issue: | Series 2012B hospital revenue bonds
|
| Amount: | $100 million
|
| Type: | Negotiated
|
| Underwriters: | J.P. Morgan Securities LLC (lead), Morgan Stanley & Co. LLC and Bank of America Merrill Lynch (co-managers)
|
| Ratings: | Moody's: A2
|
| Standard & Poor's: A+
|
| Pricing date: | Oct. 18
|
| Settlement date: | Nov. 1
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $33.11 million | July 1, 2042 | Term | 4% | 98.966
|
| $66.89 million | July 1, 2042 | Term | 5% | 107.946
|
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