By Cristal Cody
Tupelo, Miss., July 2 – Children’s Hospital Corp. priced $300 million of 2.585% 30-year taxable bonds (Aa2/AA) at a spread of 120 basis points over Treasuries, according to market sources.
Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC were the bookrunners.
The notes are guaranteed by Children’s Medical Center Corp.
Proceeds will be used for general corporate purposes.
Children’s Hospital is a Boston-based non-profit health care organization.
| Issuer: | Children’s Hospital Corp.
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| Guarantor: | Children’s Medical Center Corp.
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| Amount: | $300 million
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| Maturity: | 2050
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| Description: | Series 2020A taxable bonds
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| Bookrunners: | Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC
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| Coupon: | 2.585%
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| Spread: | Treasuries plus 120 bps
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| Trade date: | June 29
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| Ratings: | Moody’s: Aa2
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| S&P: AA
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| Distribution: | Section 3(a)(4) exempt
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