By Sheri Kasprzak
New York, Oct. 28 - The Mountain States Health Alliance sold $211.8 million of series 2011 hospital revenue bonds, said an official statement.
The deal included $65.26 million of series 2011A and $20 million of series 2011B bonds sold through the Health and Educational Facilities Board of the City of Johnson City, Tenn.; $49.875 million of series 2011C and $60.705 million of series 2011D bonds offered through the Industrial Development Authority of Smyth County, Va.; and $15.96 million of series 2011E taxable bonds sold through the Mountain States Health Alliance.
The 2011A bonds are due July 1, 2033, and bear interest at the weekly rate. The 2011B bonds are due July 1, 2033, and also initially bear interest at the weekly rate. The 2011C bonds are due July 1, 2031, and bear interest at the weekly rate and the 2011D bonds are due July 1, 2031, and initially bear interest at the weekly rate. The 2011E bonds are due July 1, 2026, and bear interest at the weekly rate.
Bank of America Merrill Lynch was the senior manager and US Bancorp was the co-manager for the series 2011A and 2011C bonds.
Proceeds will be used to fund capital improvement projects to Mountain States Health Alliance properties in Virginia and Tennessee.
| Issuer: | Mountain States Health Alliance
|
| Issue: | Series 2011 hospital revenue bonds
|
| Amount: | $211.8 million
|
| Type: | Negotiated
|
| Underwriters: | Bank of America Merrill Lynch (lead); US Bancorp (co-manager for 2011A and 2011C)
|
| Pricing date: | Oct. 14
|
| Settlement date: | Oct. 19
|
|
|
| $65.26 million series 2011A bonds
|
| Maturity | Type | Coupon | Price
|
| July 1, 2033 | Term | Weekly | 100
|
|
|
| $20 million series 2011B bonds
|
| Maturity | Type | Coupon | Price
|
| July 1, 2033 | Term | Weekly | 100
|
|
|
| $49.875 million series 2011C bonds
|
| Maturity | Type | Coupon | Price
|
| July 1, 2031 | Term | Weekly | 100
|
|
|
| $60.705 million series 2011D bonds
|
| Maturity | Type | Coupon | Price
|
| July 1, 2031 | Term | Weekly | 100
|
|
|
| $15.96 million series 2011E bonds
|
| Maturity | Type | Coupon | Price
|
| July 1, 2026 | Term | Weekly | 100
|
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