Trinity Health Credit, Mich., to price $159.14 million bonds Oct. 28

By Sheri Kasprzak

New York, Oct. 17 - The Trinity Health Credit Group in Michigan will sell $159.135 million in series 2008A revenue and refunding bonds on Oct. 28, the issuer said Friday.

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

The deal includes $89.135 million in series 2008A-1 bonds and $70 million in series 2008A-2 bonds.

Proceeds will be used to reimburse the group for certain capital expenses, as well as to refund outstanding obligations of the Michigan State Hospital Finance Authority.

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