Cox Medical may offer new bonds via Missouri Health for refunding

New York, Feb. 19 – Lester E. Cox Medical Centers said it is looking at the possibility of a negotiated bond issue.

Proceeds would be used to advance refund a portion of outstanding Missouri Health and Educational Facilities Authority health facilities revenue bonds (CoxHealth), series 2008A, according to a notice.

Under the plan that CoxHealth is currently evaluating, 80% of the outstanding 2008A revenue bonds would be defeased until their first call date of Nov. 15, 2018.

The bond issue will depend on, among other things, potential savings from the refunding and market conditions. The issue is anticipated within the next three months.

CoxHealth is based in Springfield, Mo.

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