New Issue: Toledo Hospital, Ohio, sells $273 million ProMedica Healthcare bonds

By Sheri Kasprzak

New York, Sept. 28 – Toledo Hospital of Ohio sold $273 million of series 2015A taxable bonds, according to an official statement.

The bonds (Aa3/AA) were sold through Barclays and Citigroup Global Markets Inc.

The bonds are due Nov. 15, 2045 and have a 4.982% coupon priced at par.

Proceeds will be used for general corporate purposes.

Issuer:	Toledo Hospital/ProMedica Healthcare Obligated Group
Issue:	Series 2015A taxable bonds
Amount:	$273 million
Maturity:	Nov. 15, 2045
Coupon:	4.982%
Price:	100
Type:	Negotiated
Underwriters:	Barclays and Citigroup Global Markets Inc. (lead), Fifth Third Securities Inc. and PNC Capital Markets LLC (co-managers)
Ratings:	Moody’s: Aa3
	Standard & Poor’s: AA
Pricing date:	Sept. 23
Settlement date:	Sept. 30

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