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Louisiana Public Facilities plans $100 million hospital revenue bonds
By Sheri Kasprzak
New York, Oct. 10 - The Louisiana Public Facilities Authority is set to sell $100 million of series 2012B hospital revenue bonds for the Franciscan Missionaries of Our Lady Health System, according to a preliminary official statement.
The bonds (A2/A+/) will be sold on a negotiated basis with J.P. Morgan Securities LLC as the senior manager. The co-managers are Morgan Stanley & Co. LLC and Bank of America Merrill Lynch.
The maturity date has not been set.
Proceeds will be used to construct, equip and acquire a patient tower and make other capital improvements at the Our Lady of the Lake Regional Medical Center in Baton Rouge.
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