Catholic Health, Maricopa County, Ariz., to sell $590.6 million bonds

By Sheri Kasprzak

New York, April 17 - Catholic Health Facilities Financing Authority and the Industrial Development Authority of the County of Maricopa in Arizona are expected to sell $590.6 million in series 2009 variable-rate revenue bonds, according to a preliminary official statement. The bonds will be sold for Catholic Healthcare West.

The sale includes $51.915 million in series 2009A Maricopa IDA bonds, $340.785 million in series 2009A Catholic Health bonds, $76.1 million in series 2009B and C Maricopa IDA bonds and $121.8 million in series 2009B, C and D bonds.

J.P. Morgan Securities Inc. and Citigroup Global Markets Inc. are the senior managers for the negotiated offerings.

The proceeds will be used to fund capital expenses at Catholic Healthcare West, as well as to refund current interest bonds.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.