Wisconsin Health to sell $127.39 million revenue bonds for ThedaCare

By Sheri Kasprzak

New York, May 19 - The Wisconsin Health and Educational Facilities Authority plans to sell $127.39 million in series 2009 revenue bonds (//AA-) for ThedaCare Inc., according to a preliminary official statement. The offering is set to price the week of May 25, according to a sales calendar.

The sale includes $90 million in series 2009A bonds and $37.39 million in series 2009B bonds.

The 2009A bonds are due 2011 to 2024 with term bonds due 2029 and 2038. The 2009B bonds are due 2009 to 2029.

Merrill Lynch & Co. Inc. is the senior manager for the negotiated sale.

Proceeds will be used to construct, equip and renovate health care facilities, to refund outstanding debt and to make a deposit to a debt service reserve fund.

The Wisconsin Health and Educational Facilities Authority is based in Brookfield, Wis.

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