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Washington Healthcare to sell $100 million bonds for Multicare
By Sheri Kasprzak
New York, Feb. 6 - The Washington Healthcare Facilities Authority is expected to sell $100 million in series 2009 revenue bonds for Multicare Medical Center on Tuesday, according to a sales calendar.
The bonds will be sold through lead manager Merrill Lynch & Co., and are due 2009 to 2014 with term bonds due 2019, 2024, 2029 and 2039.
The sale includes $50 million in series 2009A bonds and $50 million in series 2009B bonds.
Proceeds will be used to fund hospital expansion and maintenance.
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