Children's Healthcare of Atlanta plans $302.2 million in revenue bonds

By Sheri Kasprzak

New York, Nov. 10 - Children's Healthcare of Atlanta is expected to price $302.195 million in series 2009 revenue bonds, according to a preliminary official statement.

The sale includes $251.985 million in series 2009 revenue anticipation certificates through the DeKalb Private Hospital Authority and $50.21 million in series 2009 revenue bonds through the Development Authority of Fulton County.

The bonds (Aa2/AA/) will be sold through senior managers J.P. Morgan Securities Inc. and SunTrust Robinson Humphrey. The co-managers include Wells Fargo Securities Inc., Citigroup Global Markets Inc. and Merrill Lynch & Co.

The DeKalb certificates are due 2010 to 2019 with term bonds due 2024, 2029, 2034 and 2039. The Fulton bonds are due 2010 to 2019 with term bonds due 2024, 2029, 2034 and 2039.

Proceeds will be used to refund bonds issued for the hospital by each authority.

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