Harris County Cultural, Texas, readies $300 million revenue bond sale

By Sheri Kasprzak

New York, July 15 – The Harris County Cultural Education Facilities Finance Corp. of Texas is set to price $300 million of series 2015 revenue bonds for the Houston Methodist Hospital, according to a preliminary official statement.

The bonds (/AA/) will be sold on a negotiated basis with BofA Merrill Lynch and J.P. Morgan Securities LLC as the senior managers.

The bonds are due Dec. 1, 2045.

Proceeds will be used to construct a new north tower at the hospital’s Texas Medical Center campus, construct a new community hospital in The Woodlands and expand facilities at the Houston Methodist Sugar Land Hospital.

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