University Medical Center, Ariz., plans $73.42 million revenue bonds

By Sheri Kasprzak

New York, July 12 - The University Medical Center Corp. of Tucson, Ariz., is expected to bring to market $73.415 million of series 2011 hospital revenue bonds, said a preliminary official statement.

The bonds (Baa1/BBB+) will be sold on a negotiated basis with Bank of America Merrill Lynch as the underwriter.

The bonds are due 2012 to 2021 with a term bond due July 1, 2039.

Proceeds will be used to construct, equip, expand, acquire and renovate existing University Medical Center Corp. hospital facilities, as well as to refund the corporation's series 2003 hospital revenue refunding bonds.

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