By Sheri Kasprzak
New York, Dec. 1 - The California Health Facilities Financing Authority priced $147.85 million of series 2011 revenue refunding bonds for the Cedars-Sinai Medical Center, according to a pricing sheet.
The bonds (A2/A+/) were sold through Bank of America Merrill Lynch.
The bonds are due 2012 to 2021 with coupons from 1.5% to 5%.
Proceeds will be used to refund the medical center's series 1997A-B revenue bonds, the proceeds of which were used to construct, acquire, equip, renovate and rehabilitate existing facilities operated by the medical center.
| Issuer: | California Health Facilities Financing Authority/Cedars-Sinai Medical Center
|
| Issue: | Series 2011 revenue refunding bonds
|
| Amount: | $147.85 million
|
| Type: | Negotiated
|
| Underwriter: | Bank of America Merrill Lynch
|
| Ratings: | Moody's: A2
|
| Standard & Poor's: A+
|
| Pricing date: | Dec. 1
|
| Settlement date: | Dec. 21
|
|
|
| Maturity | Type | Coupon
|
| 2012 | Serial | 1.5%
|
| 2013 | Serial | 3%
|
| 2014 | Serial | 4%
|
| 2015 | Serial | 5%
|
| 2016 | Serial | 3%
|
| 2016 | Serial | 5%
|
| 2017 | Serial | 5%
|
| 2018 | Serial | 5%
|
| 2019 | Serial | 4%
|
| 2019 | Serial | 5%
|
| 2020 | Serial | 5%
|
| 2021 | Serial | 4%
|
| 2021 | Serial | 5%
|
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