Catholic Health, Colo., releases additional details in $1.5 billion taxable bond deal

By Sheri Kasprzak

New York, Oct. 18 - Catholic Health Initiatives of Colorado is set to come to market with $1.5 billion of series 2012 taxable bonds, according to a preliminary official statement.

The bonds (Aa3/AA-/AA) will be sold on a negotiated basis with J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC as the senior managers.

The maturities have not been set.

Proceeds will be used for general corporate purposes, including mergers and acquisitions.

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