New Issue: Washington Health Care sells $53.49 million of Overlake revenue bonds

By Sheri Kasprzak

New York, July 25 – The Washington Health Care Facilities Authority sold $53,495,000 of series 2014 revenue bonds for the Overlake Hospital Medical Center, said a pricing sheet.

The bonds (A2/A/) were sold through BofA Merrill Lynch and RBC Capital Markets LLC.

The bonds are due 2015 to 2034 with a term bond due in 2038. The serial coupons range from 4% to 5% with 0.21% to 4.14% yields. The 2038 bonds have a 5% coupon to yield 4.13%.

Proceeds will be used to refund the authority’s series 2003 and 2005A-B revenue bonds.

Issuer:	Washington Health Care Facilities Authority/Overlake Hospital Medical Center
Issue:	$53,495,000
Type:	Negotiated
Underwriters:	BofA Merrill Lynch and RBC Capital Markets LLC (lead)
Ratings:	Moody’s: A2
	Standard & Poor’s: A
Pricing date:	July 17
Settlement date:	Aug. 6
Amount	Maturity	Type	Coupon	Yield
$3.06 million	2015	Serial	4%	0.21%
$3.2 million	2016	Serial	5%	0.49%
$1,225,000	2017	Serial	5%	0.84%
$1.29 million	2018	Serial	5%	1.26%
$1.36 million	2019	Serial	5%	1.69%
$1,425,000	2020	Serial	5%	2.04%
$1,495,000	2021	Serial	5%	2.34%
$1,575,000	2022	Serial	5%	2.60%
$1,655,000	2023	Serial	5%	2.83%
$1.74 million	2024	Serial	5%	3.01%
$1.83 million	2025	Serial	5%	3.18%
$1,925,000	2026	Serial	5%	3.33%
$2,025,000	2027	Serial	5%	3.44%
$2.13 million	2028	Serial	5%	3.50%
$2,235,000	2029	Serial	5%	3.58%
$2.35 million	2030	Serial	5%	3.65%
$2.46 million	2031	Serial	4%	3.99%
$2.56 million	2032	Serial	4%	4.05%
$2,665,000	2033	Serial	4%	4.11%
$2,775,000	2034	Serial	4%	4.14%
$12,515,000	2038	Term	5%	4.13%

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