Tarrant County Cultural Education, Texas, to sell $215.18 million bonds for Baylor Health

By Sheri Kasprzak

New York, Jan. 13 - The Tarrant County Cultural Education Facilities Finance Corp. plans to price $215.18 million in series 2009 health revenue refunding bonds for the Baylor Health Care System Project, according to a preliminary official statement released Tuesday.

The bonds (Aa2/AA-/) will be sold on a negotiated basis with Merrill Lynch & Co. and Goldman, Sachs & Co. as the senior managers.

The co-managers are Estrada Hinojosa & Co., Rice Financial Products Inc. and Siebert Brandford Shank & Co.

The bonds are due 2009 to 2019 with term bonds due 2024 and 2029.

Proceeds will be used to refund Baylor Health's series 2001B and 2001C revenue bonds and to repay advances made under a loan from Bank of America and JPMorgan Chase Bank.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.