Fairfax County IDA, Va., preps $144.72 million Inova Health bond deal

By Sheri Kasprzak

New York, April 18 – The Fairfax County Industrial Development Authority of Virginia is set to price $144,715,000 of series 2016 health care revenue bonds for Inova Health System during the week of April 18, according to a preliminary official statement.

The deal includes $112.98 million of series 2016A bonds and $31,735,000 of series 2016B bonds.

The bonds (Aa2/AA+/) will be sold on a negotiated basis with Morgan Stanley & Co. LLC and J.P. Morgan Securities LLC as the lead managers.

The maturities have not been set.

Proceeds will be loaned to Inova to refund the health system’s series 2009A and 2012C revenue bonds.

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