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Chattanooga-Hamilton County Hospital offers $148.43 million revenue and refunding bonds
By Cristal Cody
Tupelo, Miss., Nov. 4 – Chattanooga-Hamilton County Hospital Authority intends to bring $148.43 million of hospital revenue and refunding bonds for the Erlanger Health System, according to a preliminary official statement.
The series 2014A bonds (Baa2//BBB) will be offered on a negotiated basis through bookrunners Barclays and FTN Financial Capital Markets.
Proceeds from the deal will be used to finance the acquisition, construction and equipping of hospital facilities and to refund maturities from the outstanding Erlanger Health series 1997A revenue bonds, series 1998A revenue bonds, series 2000 revenue refunding bonds and series 2004 revenue refunding bonds.
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