Beacon Health, Ind., organizes $156.72 million sale of revenue bonds

By Sheri Kasprzak

New York, May 1 - The Beacon Health System Obligated Group of Indiana plans to price $156,715,000 of series 2013 hospital revenue bonds, according to a preliminary official statement.

The offering includes $115,585,000 of series 2013A bonds through the Indiana Finance Authority and $41.13 million of series 2013C bonds through the Hospital Authority of St. Joseph County.

The bonds (/AA-/AA-) will be sold on a negotiated basis with Wells Fargo Securities LLC and J.P. Morgan Securities LLC as the senior managers.

The maturities have not been set.

Proceeds will be used to refund Beacon's series 1998 and 2008B bonds.

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