Bon Secours Health to price $293.145 million revenue refunding bonds

By Cristal Cody

Tupelo, Miss., Oct. 14 - The Bon Secours Health System plans to price $293.145 million revenue refunding bonds in six tranches, according to preliminary official statement.

The sale includes $30.32 million series 2008D bonds through the South Carolina Jobs-Economic Development Authority, $31.415 million series 2008D1 bonds and $93.135 million series 2008D2 revenue refunding bonds through the Economic Development Authority of Hanover County in Virginia, $53.805 million series 2008D bonds through the Economic Development Authority of Henrico County, Virginia and $40.285 million series 2008D1 bonds and $44.185 million series 2008D2 revenue refunding bonds through the Economic Development Authority of the City of Norfolk, Va.

The bonds are due in 2025 and will price initially with a weekly interest rate.

Citigroup Global Markets will manage the negotiated sales.

The proceeds will be used to refund or purchase outstanding variable-rate bonds.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.