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Published on 1/2/2009 in the Prospect News Municipals Daily.

Washington Health Care authority to sell $90 million revenue bonds for Seattle Cancer Care

By Sheri Kasprzak

New York, Jan. 2 - The Washington Health Care Facilities Authority is expected to sell $90 million in series 2008 revenue bonds for the Seattle Cancer Care Alliance, a preliminary official statement said Friday.

The bonds will be offered on a negotiated basis with Merrill Lynch & Co. and Banc of America Securities LLC as the senior managers.

The bonds are due 2009 to 2014 with term bonds due 2018, 2028 and 2038.

Proceeds will be used to construct, renovate, equip and remodel facilities owned by Seattle Cancer Care. The remainder will be used to refund the corporation's series 2001 and 2005 bonds, as well as make a deposit to a debt service reserve fund.


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