Scottsdale Healthcare plans to price $151.57 million revenue refunding bonds

By Cristal Cody

Springdale, Ark., May 5 - Scottsdale Healthcare plans to price $151.57 million of series 2008A revenue refunding bonds, according to a preliminary official statement.

The series 2008A bonds (A3/BBB+/A-) will price through the Industrial Development Authority of the City of Scottsdale, Ariz.

Citigroup Global Markets is the manager of the negotiated sale.

Proceeds will be used to refund $139.3 million of the hospital's outstanding series 2006A and 2006B revenue bonds and series 2007A revenue refunding bonds.

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