California Health to sell $535 million bonds for Cedars-Sinai Tuesday

By Sheri Kasprzak

New York, Oct. 2 - The California Health Facilities Financing Authority is set to sell $535 million in series 2009 revenue bonds for Cedars-Sinai Medical Center on Tuesday, according to a sales calendar.

The bonds (A2//A+) will be sold through senior managers Merrill Lynch & Co. Inc. and Goldman, Sachs & Co.

The bonds are due 2010 to 2024 with term bonds due 2029, 2034 and 2039.

Proceeds will be used to construct, equip and renovate health facilities operated by Cedars-Sinai.

Cedars-Sinai Medical Center is based in Los Angeles.

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