Catholic Health Care West to sell $476.02 million of revenue bonds

By Sheri Kasprzak

New York, Oct. 19 - Catholic Health Care West is set to offer $476.02 million of series 2011 revenue bonds in two tranches, according to a preliminary official statement.

The deal includes $349.89 million of series 2011A bonds offered through the California Health Facilities Financing Authority and $126.13 million of series 2011B bonds offered through the Arizona Health Facilities Authority.

The bonds (A/A+) will be sold on a negotiated basis with J.P. Morgan Securities LLC as the senior manager and Citigroup Global Markets Inc. and BMO Capital Markets LLC as the co-managers.

The maturity dates have not been set.

Proceeds will be used to finance and refinance capital projects at Catholic Health Care West facilities in California and Arizona, as well as to refund existing debt.

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