Louisiana Public Facilities offers $181.21 million refunding bonds

By Sheri Kasprzak

New York, March 3 – The Louisiana Public Facilities Authority plans to sell $181.21 million of series 2015A hospital revenue refunding bonds for the Franciscan Missionaries of Our Lady Health System, according to a preliminary official statement.

The bonds (A2/A+/) will be sold on a negotiated basis with Morgan Stanley & Co. LLC and J.P. Morgan Securities LLC as the senior managers.

The bonds are due 2016 to 2036 with a term bond due in 2039.

Proceeds will be used to refund the authority’s series 2005A and 2009A revenue bonds issued for the health system.

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