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Roper St. Francis Healthcare, S.C., to convert, reoffer $84.525 million auction-rate revenue bonds
By Cristal Cody
Springdale, Ark., May 15 - Roper St. Francis Healthcare, also known as Care Alliance Health Services, plans to convert and reoffer $84.525 million auction-rate revenue bonds, according to a preliminary reoffering statement.
The $50 million series 2007A bonds, which priced through the South Carolina Jobs-Economic Development Authority, will be converted to a fixed rate on June 13. The bonds have serial maturities from 2009 through 2017.
The $34.525 million series 2004B1 bonds that priced though Charleston County, S.C., will be converted on June 16. The bonds have serial maturities from 2010 through 2024.
The two series (A3/A-/) are insured by Financial Security Assurance.
Goldman, Sachs & Co. is the senior remarketing agent. Banc of America Securities LLC and Wachovia Securities are co-remarketing agents.
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