By Sheri Kasprzak
New York, Nov. 8 - The Washington Health Care Facilities Authority priced $60 million of series 2012A revenue bonds for the MultiCare Health System, according to a pricing sheet.
The bonds (/A-1/AA-) were sold through Barclays.
The offering included $16.29 million of 2042 bonds with a 5% coupon priced at 109.956 to yield 3.77% and $43.71 million of 2046 bonds with a 4% coupon priced at 97.728 to yield 4.125%.
Proceeds will be used to finance or reimburse the health system for the construction, renovation, equipment, repair and acquisition of MultiCare facilities.
| Issuer: | Washington Health Care Facilities Authority/MultiCare Health System
|
| Issue: | Series 2012A revenue bonds
|
| Amount: | $60 million
|
| Type: | Negotiated
|
| Underwriters: | Barclays (lead), Wells Fargo Securities LLC and J.P. Morgan Securities LLC (co-managers)
|
| Ratings: | Standard & Poor's: A-1
|
| Fitch: AA-
|
| Pricing date: | Nov. 1
|
| Settlement date: | Nov. 13
|
|
|
| $16.29 million series 2012A revenue bonds
|
| Maturity | Type | Coupon | Price | Yield
|
| Aug. 15, 2042 | Term | 5% | 109.956 | 3.77%
|
|
|
| $43.71 million series 2012A revenue bonds
|
| Maturity | Type | Coupon | Price | Yield
|
| Aug. 15, 2046 | Term | 4% | 97.728 | 4.125%
|
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