Fairfield Medical Center, Ohio, arranges $95.12 million sale of bonds

By Sheri Kasprzak

New York, May 30 - Fairfield County, Ohio, plans to price $95,115,000 of series 2013 hospital facilities revenue refunding and improvement bonds for the Fairfield Medical Center, according to a preliminary official statement.

The bonds (Baa2) will be sold on a negotiated basis with PNC Capital Markets LLC as the senior manager.

The bonds are due 2014 to 2023 with term bonds due in 2028, 2033 and 2043.

Proceeds will be used to finance the construction, improvement, renovation and equipment of hospital facilities for Fairfield Medical, as well as to refund the medical center's series 2003 and 2010 revenue bonds.

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