North Carolina Medical to price $54.68 million bonds for FirstHealth

By Sheri Kasprzak

New York, Nov. 5 - The North Carolina Medical Commission plans to sell $54.675 million in series 2009C health care facilities revenue refunding bonds for FirstHealth of the Carolinas project, according to a preliminary official statement.

The bonds (Aa3/AA-/AA) will be sold on a negotiated basis with Citigroup Global Markets Inc. as the lead manager. The co-managers are BB&T Capital Markets Inc., Edward Jones and Wells Fargo Securities Inc.

The bonds are due 2012 to 2019 with term bonds due 2024 and 2030.

Proceeds will be used to refund FirstHealth's series 2002, 2008A-B and 2009B bonds.

FirstHealth is a private health care network serving 15 counties in the mid-Carolinas.

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