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California Health to price $251.24 million of bonds for Lucile Packard
By Sheri Kasprzak
New York, Feb. 27 - The California Health Facilities Financing Authority is expected to price $251,235,000 of series 2012 revenue bonds for the Lucile Salter Packard Children's Hospital, according to a preliminary official statement.
The deal includes $200 million of series 2012A bonds and $51,235,000 of series 2012B bonds.
The bonds (Aa3/AA/AA) will be sold on a negotiated basis with Morgan Stanley & Co. LLC as the lead manager. The co-managers are Bank of America Merrill Lynch and Wells Fargo Securities LLC.
The maturity dates have not been set.
Proceeds will be used to finance construction projects at the hospital, as well as to refund the hospital's series 2003C revenue bonds.
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