Whittier, Calif., offers $58 million bonds for Presbyterian hospital

By Sheri Kasprzak

New York, May 1 - Whittier, Calif., is expected to price its previously announced $58 million in series 2009D health facility revenue bonds on Wednesday for Presbyterian Intercommunity, according to a sales calendar.

The bonds (/A+/) will be sold on a negotiated basis with Citigroup Global Markets Inc. and Merrill Lynch & Co. Inc. as the lead managers.

The bonds are due 2010 to 2017.

Proceeds will be used to repair the hospital's central plant facility, as well as refund the hospital's series 2007 bonds.

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