Cape Fear Valley Health, N.C., to sell $82.46 million bonds Wednesday

By Sheri Kasprzak

New York, Sept. 15 - The Cape Fear Valley Health System in North Carolina intends to sell $82.455 million in series 2008B revenue bonds on Wednesday, according to a calendar of offerings.

The offering is part of a larger $127.455 million sale of bonds being sold through the North Carolina Medical Care Commission. It could not be determined Monday when the remaining $45 million in series 2008C bonds will be sold.

The bonds will be sold on a negotiated basis with Citigroup Global Markets and BB&T Capital Markets as the lead managers for the series 2008B bonds. Edward Jones is the senior manager for the series 2008C bonds.

Proceeds will be used to refund the health system's outstanding series 2006B revenue bonds, as well as to acquire equipment.

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