By Sheri Kasprzak
New York, May 1 - The Health, Educational and Housing Facilities of the County of Shelby, Tenn., sold $100 million of series 2012 revenue bonds for Methodist Le Bonheur Health Care Inc., said a pricing sheet.
The bonds (A2/A+/) were sold through J.P. Morgan Securities LLC and Raymond James/Morgan Keegan.
The bonds are due 2027 to 2032 with term bonds due in 2036 and 2042. The serial coupons range from 4% to 5%. The 2036 bonds have a split maturity with a 4.5% coupon priced at 100.797 and a 5% coupon priced at 105.786. The 2042 bonds have a 5% coupon priced at 105.62.
Proceeds will be used to finance and refinance the costs of constructing improvements to the health care provider's facilities.
| Issuer: | Health, Educational and Housing Facilities of the County of Shelby, Tenn./Methodist Le Bonheur Health Care Inc.
|
| Issue: | Series 2012 revenue bonds
|
| Amount: | $100 million
|
| Type: | Negotiated
|
| Underwriters: | J.P. Morgan Securities LLC and Raymond James/Morgan Keegan (lead)
|
| Ratings: | Moody's: A2
|
| Standard & Poor's: A+
|
| Pricing date: | May 1
|
| Settlement date: | May 16
|
|
|
| Maturity | Type | Coupon | Price
|
| 2027 | Serial | 4% | 100
|
| 2027 | Serial | 5% | 109.349
|
| 2028 | Serial | 4% | 99.764
|
| 2029 | Serial | 4% | 99.026
|
| 2030 | Serial | 4% | 98.611
|
| 2031 | Serial | 4.125% | 99.933
|
| 2032 | Term | 4.125% | 99.661
|
| 2036 | Term | 4.5% | 100.797
|
| 2036 | Term | 5% | 105.786
|
| 2042 | Term | 5% | 105.62
|
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