By Sheri Kasprzak
New York, Oct. 15 - The Lycoming County Authority of Pennsylvania sold on Thursday $137.48 million of series 2009A health system revenue bonds, said a pricing sheet. The bonds were sold on behalf of Susquehanna Health System.
The bonds (/AAA/AA) were sold through senior managers Barclays Capital Inc. and M&T Securities Inc.
The bonds are due 2010 to 2021, with term bonds due 2023, 2028 and 2039. The serials have coupons from 4% to 5.5%. The 2023 bonds have a 5.375% coupon and priced at 98.799 while the 2028 bonds have a 5.5% coupon and priced at 98.273. The 2039 bonds have a 5.75% coupon and priced at 97.9.
Proceeds will be used to construct a new energy service center at Williamsport Hospital, renovate Muncy Valley Hospital and refund the authority's series 1995 bonds.
| Issuer: | Lycoming County Authority/Susquehanna Health System
|
| Issue: | Series 2009A health system revenue bonds
|
| Amount: | $137.48 million
|
| Type: | Negotiated
|
| Underwriters: | Barclays Capital Inc. and M&T Securities Inc. (lead)
|
| Ratings: | Standard & Poor's: AAA
|
| Fitch: AA
|
| Pricing date: | Oct. 15
|
| Settlement date: | Oct. 22
|
|
|
| Maturity | Type | Coupon | Price
|
| 2010 | Serial | 4% | 101.081
|
| 2011 | Serial | 4% | 102.049
|
| 2012 | Serial | 4% | 102.043
|
| 2013 | Serial | 4% | 101.367
|
| 2014 | Serial | 5% | 104.016
|
| 2015 | Serial | 5% | 102.479
|
| 2016 | Serial | 5% | 101.240
|
| 2017 | Serial | 5% | 100.182
|
| 2018 | Serial | 5% | 99.090
|
| 2019 | Serial | 5% | 98.484
|
| 2020 | Serial | 5.1% | 98.295
|
| 2021 | Serial | 5.25% | 98.618
|
| 2021 | Serial | 5.5% | NRO
|
| 2023 | Term | 5.375% | 98.799
|
| 2028 | Term | 5.5% | 98.618
|
| 2039 | Term | 5.75% | 97.900
|
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