Charlotte-Mecklenburg Hospital, N.C., to sell $150 million bonds

By Sheri Kasprzak

New York, April 29 - The Charlotte-Mecklenburg Hospital Authority of North Carolina plans to issue $149.995 million of series 2011A health care revenue bonds for the Carolinas HealthCare System, according to a preliminary official statement.

The bonds (Aa3/AA-/) will be sold through senior managers Merrill Lynch and J.P. Morgan Securities LLC with Citigroup Global Markets Inc. and Wells Fargo Securities LLC as the co-managers.

The bonds are due 2012 to 2021 with term bonds due in 2026, 2031 and 2042.

Proceeds will be used to construct, equip, renovate and acquire health care facilities as part of the health care system's five-year capital plan.

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