Catholic Health Facilities, Ariz., to sell $590.6 million bonds Thursday

By Sheri Kasprzak

New York, April 29 - The Independent Development Authority of Maricopa County in Arizona is set to price $590.6 million in series 2009 variable-rate bonds on Thursday, said Janis Larson, administrator for the authority.

The bonds will be sold for Catholic Health Facilities Financing Authority for Catholic Healthcare West.

The bonds will be sold on a negotiated basis with J.P. Morgan Securities Inc. and Citigroup Global Markets Inc. as the lead managers.

Proceeds will be used to fund capital expenses at Catholic Healthcare West and to refund the authority's current interest bonds.

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