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California Health to sell $535 million revenue bonds for Cedars-Sinai
By Sheri Kasprzak
New York, Sept. 22 - The California Health Facilities Financing Authority plans to price $535 million in series 2009 revenue bonds for Cedars-Sinai Medical Center, said a preliminary official statement. The pricing is expected for the week of Sept. 28.
The bonds (A2//A+) will be sold on a negotiated basis with Merrill Lynch & Co. Inc. and Goldman, Sachs & Co. as the lead managers.
The bonds are due 2010 to 2024 with term bonds due 2029, 2034 and 2039.
Proceeds from the sale 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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