By Sheri Kasprzak
New York, Sept. 14 - The Wisconsin Health and Educational Facilities Authority came to market with $161.45 million of series 2011A revenue bonds on behalf of the Gundersen Lutheran Obligated Group, according to a pricing sheet.
The bonds (A1/A+/A+) were sold through Bank of America Merrill Lynch with J.P. Morgan Securities LLC and Wells Fargo Securities LLC as the co-managers.
The bonds are due 2012 to 2021 with term bonds due in 2026, 2029 and 2039. The serial coupons range from 1% to 5%. The 2026 bonds have a 4.5% coupon priced at 98.281, and the 2029 bonds have a 4.75% coupon priced at 97.745. The 2039 bonds have a 5.25% coupon priced at 97.842.
Proceeds will be used to reimburse the obligated group for the costs of constructing, equipping, acquiring and furnishing health care facilities, including a six-story addition to the obligated group's LaCrosse, Wis., campus, as well as to refund existing debt.
| Issuer: | Wisconsin Health and Educational Facilities Authority/Gundersen Lutheran Obligated Group
|
| Issue: | Series 2011A revenue bonds
|
| Amount: | $161.45 million
|
| Type: | Negotiated
|
| Underwriters: | Bank of America Merrill Lynch (lead), J.P. Morgan Securities LLC and Wells Fargo Securities LLC (co-managers)
|
| Ratings: | Moody's: A1
|
| Standard & Poor's: A+
|
| Fitch: A+
|
| Pricing date: | Sept. 14
|
| Settlement date: | Sept. 29
|
|
|
| Maturity | Type | Coupon | Price
|
| 2012 | Serial | 1% | 100.467
|
| 2013 | Serial | 2.5% | 102.31
|
| 2014 | Serial | 5% | 109.812
|
| 2015 | Serial | 2.5% | 101.581
|
| 2015 | Serial | 4% | 107.369
|
| 2016 | Serial | 3% | 102.498
|
| 2017 | Serial | 5% | 112.272
|
| 2018 | Serial | 3% | 99.307
|
| 2019 | Serial | 5% | 111.325
|
| 2020 | Serial | 3.5% | 99.308
|
| 2020 | Serial | 5% | 110.805
|
| 2021 | Serial | 4% | 101.823
|
| 2026 | Term | 4.5% | 98.281
|
| 2029 | Term | 4.75% | 97.745
|
| 2039 | Term | 5.25% | 97.842
|
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