Michigan readies $108.81 million sale of Crittenton Hospital bonds

By Sheri Kasprzak

New York, Oct. 18 - The Michigan Finance Authority plans to price $108,805,000 of series 2012A hospital revenue and refunding bonds for the Crittenton Hospital Medical Center, according to a preliminary official statement.

The bonds (Baa2/A-/) will be sold on a negotiated basis with J.P. Morgan Securities LLC as the underwriter.

The bonds are due 2013 to 2022 with term bonds due in 2027, 2032, 2037 and 2039.

Proceeds will be used to finance capital improvements at the medical center's properties, as well as to refund the medical center's series 2002A and 2003A-B revenue 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.