By Sheri Kasprzak
New York, Oct. 18 - The Louisiana Public Facilities Authority priced $100 million of series 2012B hospital revenue bonds for the Franciscan Missionaries of Our Lady Health System, according to a pricing sheet.
The bonds (A2/A+/) were sold through J.P. Morgan Securities LLC.
The bonds are due July 1, 2042 and have a split maturity with a 4% coupon priced at 98.966 and a 5% coupon priced at 107.946.
Proceeds will be used to construct, equip and acquire a patient tower and to make other capital improvements at the Our Lady of the Lake Regional Medical Center in Baton Rouge.
Issuer: | Louisiana Public Facilities Authority/Franciscan Missionaries of Our Lady Health System
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Issue: | Series 2012B hospital revenue bonds
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Amount: | $100 million
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Type: | Negotiated
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Underwriters: | J.P. Morgan Securities LLC (lead), Morgan Stanley & Co. LLC and Bank of America Merrill Lynch (co-managers)
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Ratings: | Moody's: A2
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| Standard & Poor's: A+
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Pricing date: | Oct. 18
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Settlement date: | Nov. 1
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Amount | Maturity | Type | Coupon | Price
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$33.11 million | July 1, 2042 | Term | 4% | 98.966
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$66.89 million | July 1, 2042 | Term | 5% | 107.946
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