Carolinas HealthCare System to price $305.03 million refunding revenue bonds

By Cristal Cody

Springdale, Ark., May 29 - The Carolinas HealthCare System, legally known as the Charlotte-Mecklenburg Hospital Authority, plans to price $305.03 million refunding revenue bonds on June 5, the issuer said Thursday.

The series 2008A bonds (Aa3) have serial maturities from 2010 through 2028 and term bonds in 2032, 2038 and 2047.

Citigroup Global Markets is the senior manager of the negotiated sale. Co-managers are Banc of America Securities LLC and Wachovia Bank, NA.

Proceeds will be used to refund the series 1996 variable-rate bonds and series 2003B, 2005E and 2007I auction-rate bonds, said treasurer Mark Keener.

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