Orlando Health, Fla., to sell $244.06 million hospital revenue bonds

By Cristal Cody

Tupelo, Miss., Nov. 24 - The Orange County Health Facilities Authority plans to sell $244.055 million in hospital revenue bonds for Orlando Health, Inc. in Florida, according to a preliminary official statement.

The series 2009 bonds (A2/A/A) include $100.84 million in serial maturities due 2010 through 2019 and $143.215 million in term bonds due Oct. 1, 2026.

Goldman, Sachs & Co. is the senior manager of the negotiated sale.

The co-managers are Morgan Stanley & Co. Inc., SunTrust Robinson Humphrey, Inc., BB&T Capital Markets Inc., J.P. Morgan Securities Inc. and Raymond James & Associates Inc.

The proceeds will be used to refund portions of the series 2008D bonds, series 2008F bonds and series 2008G bonds on Dec. 23 and the series 1999D bonds, series 1999E bonds and series 2004 bonds on Jan. 22. Proceeds also will be used to pay costs to terminate interest rate hedge agreements on the refunded bonds.

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