Ascension Health plans to price $220 million tap of 3.945% senior bonds due 2046

By Cristal Cody

Tupelo, Miss., May 18 – Ascension Health Alliance plans to price a $220 million add-on to its 3.945% senior bonds due Nov. 15, 2046 (Aa2/AA+), according to a market source on Thursday.

Morgan Stanley & Co. LLC is the bookrunner.

The company sold $700 million of the bonds on April 26, 2016 at spread of Treasuries plus 122 basis points.

Ascension Health is a St. Louis-based nonprofit health care system.

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