Washington Health Care Facilities to sell $83.57 million revenue bonds

By Sheri Kasprzak

New York, June 2 - The Washington Health Care Facilities Authority is set to price $83.565 million of series 2011A revenue bonds for the Fred Hutchinson Cancer Research Center, said 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 Bank of America Merrill Lynch and KeyBanc Capital Markets Inc.

The bonds are due 2012 to 2023 with term bonds due in 2031 and 2035.

Proceeds will be used to refund the cancer center's series 2001A and 2009B bonds.

Based in Olympia, the authority provides funding for health care projects. The cancer center is located in Seattle.

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