Franciscan Missionaries of Our Lady, La., to sell $150 million bonds

By Sheri Kasprzak

New York, July 9 - The Louisiana Public Facilities Authority is scheduled to price its previously announced $150 million in series 2009A hospital revenue bonds for the Franciscan Missionaries of Our Lady Health System on Monday, according to a calendar of upcoming sales.

The bonds (A2/A+/) will be sold through lead manager Merrill Lynch & Co. Inc. The co-managers are J.P. Morgan Securities Inc., Banc of America Securities LLC and Morgan Stanley & Co. Inc.

Proceeds will be used to finance refurbishment and equipment for Lady of Lourdes Regional Medical Center.

The Franciscan Missionaries of Our Lady Health System is based in Baton Rouge, La.

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