New Issue: Collier County Health, Fla., sells $63.43 million debt for Moorings

By Sheri Kasprzak

New York, March 18 – The Collier County Health Facilities Authority of Florida sold $63,425,000 of series 2015A residential care facility revenue bonds for Moorings Inc., according to a pricing sheet.

The bonds (/A+/A+) were sold through BB&T Capital Markets.

The bonds are due 2016 to 2030 with term bonds due in 2035 and 2045. The serial coupons range from 2% to 5%. The 2035 bonds have a 4% coupon priced at 99.179 and the 2045 bonds have a 4% coupon priced at 97.433 and a 5% coupon priced at 110.852.

Proceeds will be used to refund the authority’s series 2000, 2005, 2008 and 2010 revenue bonds.

Issuer:	Collier County Health Facilities Authority, Fla./Moorings Inc.
Issue:	Series 2015A residential care facility revenue bonds
Amount:	$63,425,000
Type:	Negotiated
Underwriter:	BB&T Capital Markets
Ratings:	Standard & Poor’s: A+
	Fitch: A+
Pricing date:	March 18
Settlement date:	April 2
Amount	Maturity	Type	Coupon	Price
$435,000	2016	Serial	2%	101.614
$910,000	2017	Serial	2%	102.262
$940,000	2018	Serial	3%	105.055
$975,000	2019	Serial	3%	105.305
$1,015,000	2020	Serial	3%	105.551
$1.05 million	2021	Serial	4%	110.912
$1.1 million	2022	Serial	4%	110.772
$1,155,000	2023	Serial	5%	117.787
$1,225,000	2024	Serial	5%	118.145
$1.29 million	2025	Serial	5%	118.817
$1,365,000	2026	Serial	5%	117.284
$1.41 million	2027	Serial	5%	116.433
$1,435,000	2028	Serial	5%	115.123
$1,445,000	2029	Serial	4%	114.474
$1,465,000	2030	Serial	5%	113.83
$7,335,000	2035	Term	4%	99.179
$8.95 million	2045	Term	4%	97.433
$29,925,000	2045	Term	5%	110.852

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