Orange County Health, Fla., to sell $244.06 million revenue bonds Thursday for Orlando Health

By Sheri Kasprzak

New York, Nov. 30 - The Orange County Health Facilities Authority of Florida is expected to sell $244.055 million in series 2009 hospital revenue bonds for Orlando Health Inc. on Thursday, according to a sales calendar.

The bonds (A2/A/A) will be sold through lead manager Goldman, Sachs & Co. The co-managers include Morgan Stanley & Co. Inc., SunTrust Robinson Humphrey Inc., BB&T Capital Markets Inc., J.P. Morgan Securities Inc. and Raymond James & Associates Inc.

The bonds are due 2010 to 2019 with a term bond due 2026.

Proceeds will be used to refund portions of the authority's series 1999D, 1999E, 2004, 2008D, 2008F and 2008G bonds, as well as to pay costs to terminate interest rate hedge agreements on the refunded bonds.

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