Vanderbilt University Medical, Tenn., plans $530 million revenue bonds

By Sheri Kasprzak

New York, March 7 – The Health and Educational Facilities Board of the Metropolitan Government of Nashville and Davidson County, Tenn., said it plans to price $530 million of series 2016A revenue bonds for the Vanderbilt University Medical Center in a preliminary official statement.

The bonds (A3) will be sold through senior manager J.P. Morgan Securities LLC. The co-managers are Raymond James/Morgan Keegan, BofA Merrill Lynch and Barclays.

The maturities have not been set.

Proceeds will be lent to the medical center to acquire all assets of the hospital from Vanderbilt University.

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