Published on 1/20/2012 in the Prospect News Municipals Daily.
New Issue: Wisconsin Health Authority sells $220.55 million revenue bonds for Aurora Health
By Sheri Kasprzak
New York, Jan. 20 - The Wisconsin Health and Educational Facilities Authority sold $220.55 million of series 2012A revenue bonds for Aurora Health Care Inc., said a pricing sheet.
The bonds (A3//A) were sold through Bank of America Merrill Lynch and BMO Capital Markets LLC. The co-managers are Baird & Co., Edward D. Jones & Co. LP and J.P. Morgan Securities LLC.
The bonds are due 2013 to 2028 with 2.5% to 5% coupons.
Proceeds will be used to refund the health care system's series 1996 Aurora Sinai bonds, its 1996 Aurora Medical Group bonds and its series 1999A-B bonds.
| Issuer: | Wisconsin Health and Educational Facilities Authority/Aurora Health Care Inc.
|
| Issue: | Series 2012A revenue bonds
|
| Amount: | $220.55 million
|
| Type: | Negotiated
|
| Underwriters: | Bank of America Merrill Lynch and BMO Capital Markets LLC (lead), Baird & Co., Edward D. Jones & Co. LP and J.P. Morgan Securities LLC (co-managers)
|
| Ratings: | Moody's: A3
|
| Fitch: A
|
| Pricing date: | Jan. 20
|
| Settlement date: | Feb. 7
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $3 million | 2013 | Serial | 2.5% | 102.079
|
| $2,675,000 | 2014 | Serial | 3% | 103.92
|
| $2.86 million | 2015 | Serial | 4% | 107.476
|
| $3,895,000 | 2016 | Serial | 5% | 112.635
|
| $4,235,000 | 2017 | Serial | 5% | 114.167
|
| $1,145,000 | 2018 | Serial | 4% | 108.62
|
| $1.17 million | 2019 | Serial | 5% | 115.041
|
| $690,000 | 2020 | Serial | 3% | 100.444
|
| $12,765,000 | 2021 | Serial | 5% | 115.178
|
| $13.53 million | 2022 | Serial | 5% | 113.428
|
| $15.14 million | 2023 | Serial | 5% | 112.052
|
| $16.01 million | 2024 | Serial | 3.5% | 97.531
|
| $16.93 million | 2025 | Serial | 5% | 110.611
|
| $37,075,000 | 2026 | Serial | 5% | 110.024
|
| $47.43 million | 2027 | Serial | 5% | 110.695
|
| $22 million | 2028 | Serial | 4% | 99.046
|
| $20 million | 2028 | Serial | 5% | 108.532
|
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