Trinity Health, Mich., may price up to $1 billion of debt in February

By Sheri Kasprzak

New York, Jan. 9 – Trinity Health of Michigan is considering the issuance of up to $1 billion of tax-exempt debt in February, according to a company statement released Friday.

The exact timing of the offering was not immediately released.

Proceeds will be used to acquire, construct, renovate, remodel, improve, furnish and equip some of the system’s health care facilities, as well as refund outstanding debt and refinance outstanding commercial paper.

The issuer said it is also contemplating issuing taxable debt in February.

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