California Health Facilities to sell $450 million revenue bonds for Sutter Health

By Cristal Cody

Tupelo, Miss., April 2 - The California Health Facilities Financing Authority plans to price a $450 million offering of revenue bonds for Sutter Health, according to a preliminary offering memorandum.

Morgan Stanley and BofA Merrill Lynch are the lead managers of the negotiated sale.

Sutter Securities Inc. is the co-manager.

Proceeds will be used to finance the costs to construct, renovate and equip health care facilities.

The deal is expected to close on April 24.

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