Westchester Medical Center, N.Y., preps $284.26 million revenue bonds

By Sheri Kasprzak

New York, March 7 – The Westchester County Local Development Corp. of New York is expected to price $284.26 million of series 2016 revenue bonds for the Westchester Medical Center Obligated Group, according to a preliminary official statement.

The bonds (Baa2/BBB/) will be sold on a negotiated basis with Wells Fargo Securities LLC as the senior manager. The co-managers are Drexel Hamilton LLC, Loop Capital Markets LLC and Raymond James/Morgan Keegan.

The maturities have not been set.

Proceeds will be used to finance capital projects for the obligated group and to refund its series 2010B revenue bonds.

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