Louisiana Public Facilities prepares $98.75 million hospital bond deal

By Sheri Kasprzak

New York, Dec. 21 – The Louisiana Public Facilities Authority is expected to price $98,745,000 of series 2016 hospital revenue and refunding bonds for the Lafayette General Health System, according to a preliminary official statement.

The deal includes $66,875,000 of series 2016A bonds and $31.87 million of series 2016B index rate mode bonds.

The bonds (Baa1//A-) will be sold through BofA Merrill Lynch.

The maturities have not been set.

Proceeds will be used to finance capital projects and refund existing bonds.

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