Gundersen Lutheran, Wis., plans to price $89.3 million revenue and refunding bonds

By Cristal Cody

Springdale, Ark., May 6 - Gundersen Lutheran Health System in Wisconsin intends to price $89.3 million revenue and refunding bonds on May 28, the issuer said Tuesday.

The series 2008A and B variable-rate demand note bonds (A1) will price through the Wisconsin Health and Educational Facilities Authority.

Gundersen Lutheran also plans to convert the $77.8 million series 2003B and C bonds from an auction rate to weekly variable-rate demand obligation notes on May 28, treasury manager Barbara Mussman said.

The series 2003 bonds are insured by Financial Security Assurance.

Merrill Lynch & Co. is the manager of the negotiated sale.

Proceeds will be used to refund a line of credit that was issued in April to redeem the $89.4 million series 2006A and B bonds.

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