Catholic Health Initiatives to sell $410.89 million of revenue bonds

By Sheri Kasprzak

New York, Oct. 5 - The Catholic Health Initiatives is set to sell $410.885 million of series 2011 revenue bonds through the Colorado Health Facilities Authority and the Washington Health Care Facilities Authority, according to a preliminary official statement. Pricing is expected during the week of Oct. 10.

The Colorado offering includes $308.84 million of series 2011A bonds, and the Washington deal includes $102.045 million of series 2011A revenue bonds.

The bonds (Aa2/AA/AA) will be sold on a negotiated basis with J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC as the lead managers. The co-managers are Bank of America Merrill Lynch, Edward D. Jones & Co. LP and Wells Fargo Securities LLC.

The maturities have not been set.

Proceeds will be used to construct, renovate and acquire facilities operated by Englewood, Colo.-based Catholic Health.

© 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.