California Statewide to price $70 million of hospital revenue bonds

By Sheri Kasprzak

New York, Jan. 9 - The California Statewide Communities Development Authority plans to price $70 million of series 2014 insured revenue bonds for the Henry Mayo Newhall Memorial Hospital, according to a preliminary official statement.

The bonds (/AA-/) will be sold on a negotiated basis with Ziegler Capital Inc. as the senior manager.

The maturities have not been set.

Proceeds will be used to renovate, remodel and expand certain facilities for the hospital, as well as to refund existing debt.

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