Sutter Health in California plans to price $329.15 million revenue bonds

By Cristal Cody

Springdale, Ark., April 17 - Sutter Health in California intends to price $329.15 million revenue bonds, according to a preliminary official statement.

The series 2008A bonds (Aa3/AA-/) will price through the California Health Facilities Financing Authority.

Morgan Stanley is the senior manager of the negotiated sale. Banc of America Securities LLC and Sutter Securities Inc. are co-managers.

Proceeds will be used to repay a line of credit.

Calls for additional information were not immediately returned.

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