Orange County Health Facilities, Fla., to sell $187.85 million bonds

By Sheri Kasprzak

New York, April 25 - The Orange County Health Facilities Authority of Florida plans to price $187.85 million of series 2012 hospital revenue bonds for Orlando Health Inc., according to a preliminary official statement.

The deal includes $155 million of series 2012A bonds and $32.85 million of series 2012B bonds.

The bonds (A2/A/A) will be sold on a negotiated basis.

The senior manager for the 2012A bonds is Morgan Stanley & Co. LLC. The co-managers for the 2012A bonds are Goldman Sachs & Co., SunTrust Robinson Humphrey, Raymond James/Morgan Keegan, J.P. Morgan Securities LLC and BB&T Capital Markets.

The lead manager for the 2012B bonds is Raymond James/Morgan Keegan and the co-manager is Morgan Stanley & Co. LLC.

Maturity dates have not been set.

Proceeds will be used to construct a new patient bed tower at Orlando Regional Medical Center and the expansion of the medical center's emergency department.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.