By Sheri Kasprzak
New York, Oct. 28 - Catholic Health Care West priced Friday $478.265 million of series 2011 revenue bonds, said a pricing sheet.
The deal included $350.005 million of series 2011A bonds sold through the California Health Facilities Financing Authority and $68.26 million of series 2011B-1 and $60 million of series 2011B-2 revenue bonds sold through the Arizona Health Facilities Authority.
The bonds (/A/A+) were offered through J.P. Morgan Securities LLC. The co-managers were Citigroup Global Markets Inc. and BMO Capital Markets LLC.
The 2011A bonds are due 2013 to 2028 with a term bond due in 2041. The serial coupons range from 3% to 5.25%. The 2041 bonds have a 5.25% coupon priced at 98.52. The 2011B-1 bonds are due March 1, 2039, and have a 5.25% coupon priced at 97.862, and the 2011B-2 bonds are due March 1, 2041, and have a 5% coupon priced at 97.
Proceeds will be used to finance and refinance capital projects at Catholic Health Care West facilities in California and Arizona.
| Issuer: | Catholic Health Care West/California Health Facilities Financing Authority/Arizona Health Facilities Authority
|
| Issue: | Series 2011 revenue bonds
|
| Amount: | $478.265 million
|
| Type: | Negotiated
|
| Underwriters: | J.P. Morgan Securities LLC (lead), Citigroup Global Markets Inc. and BMO Capital Markets LLC (co-managers)
|
| Ratings: | Standard & Poor's: A
|
| Fitch: A+
|
| Pricing date: | Oct. 28
|
| Settlement date: | Nov. 9
|
|
|
| $350.005 million series 2011A California Health Facilities Financing Authority revenue bonds
|
| Amount | Maturity | Type | Coupon | Price
|
| $7.07 million | 2013 | Serial | 3% | 102.07
|
| $7.04 million | 2014 | Serial | 4% | 104.932
|
| $305,000 | 2015 | Serial | 3% | 102.41
|
| $9.285 million | 2015 | Serial | 4% | 105.583
|
| $650,000 | 2016 | Serial | 3% | 101.455
|
| $8.845 million | 2016 | Serial | 5% | 109.553
|
| $1.995 million | 2017 | Serial | 3% | 99.802
|
| $19.715 million | 2017 | Serial | 5% | 109.541
|
| $345,000 | 2018 | Serial | 3.25% | 99.544
|
| $12.625 million | 2018 | Serial | 5% | 109.43
|
| $20.52 million | 2019 | Serial | 5% | 108.656
|
| $205,000 | 2020 | Serial | 4% | 100.699
|
| $20.45 million | 2020 | Serial | 5% | 107.739
|
| $1.18 million | 2021 | Serial | 4% | 99.687
|
| $20.285 million | 2021 | Serial | 5% | 107.382
|
| $1.68 million | 2022 | Serial | 4% | 98.417
|
| $31.725 million | 2022 | Serial | 5.25% | 108.096
|
| $18.7 million | 2023 | Serial | 5.25% | 106.982
|
| $1 million | 2024 | Serial | 4.125% | 96.847
|
| $8 million | 2024 | Serial | 5.25% | 105.959
|
| $16.765 million | 2024 | Serial | 5.25% | 103.06
|
| $3.415 million | 2025 | Serial | 4.25% | 96.732
|
| $40 million | 2027 | Serial | 5.25% | 103.415
|
| $2.415 million | 2028 | Serial | 4.75% | 98.432
|
| $19.66 million | 2028 | Serial | 5.25% | 102.659
|
| $76.13 million | 2041 | Term | 5.25% | 98.52
|
|
|
| $68.26 million series 2011B-1 Arizona Health Facilities Authority revenue bonds
|
| Maturity | Type | Coupon | Price
|
| March 1, 2039 | Term | 5.25% | 97.862
|
|
|
| $60 million series 2011B-2 Arizona Health Facilities Authority revenue bonds
|
| Maturity | Type | Coupon | Price
|
| March 1, 2041 | Term | 5% | 97
|
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