Wisconsin Health and Educational Facilities preps $161.45 million sale for Gundersen Lutheran

By Sheri Kasprzak

New York, Sept. 7 - The Wisconsin Health and Educational Facilities Authority plans to bring $161.45 million of series 2011A revenue bonds for Gundersen Lutheran Obligated Group, according to a preliminary official statement.

The bonds (A1/A+/A+) will be sold on a negotiated basis with Bank of America Merrill Lynch as the lead manager. The co-managers are J.P. Morgan Securities LLC and Wells Fargo Securities LLC.

The bonds are due 2012 to 2021 with term bonds due in 2026, 2029 and 2039.

Proceeds will be used to reimburse the obligated group for the costs of constructing, equipping, acquiring and furnishing health care facilities, including a new six-story addition to the obligated group's LaCross, Wis., campus, as well as to refund existing debt.

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