Scripps Health, Calif., to price $96.5 million revenue bonds

By Cristal Cody

Springdale, Ark., July 22 - Scripps Health plans to price $96.495 million revenue bonds through the California Health Facilities Financing Authority in August, according to a preliminary official statement.

The series 2008A bonds will be sold in a negotiated sale managed by Citigroup Global Markets.

Proceeds will be used to refund the series 1991B variable-rate revenue bonds and series 1998A and 1998B insured variable-rate revenue bonds.

Scripps Health also plans to price $229.945 million in five tranches of variable-rate bonds.

Proceeds will refund $232.21 million outstanding from the series 2005B, C, D, E and F insured revenue bonds.

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