New Issue: Memorial Hermann Health, Texas, brings $107.8 million of Baylor bonds

By Sheri Kasprzak

New York, Dec. 22 – The Memorial Hermann Health System of Texas sold $107.8 million of series 2015C bonds through the Harris County Cultural Education Facilities Finance Corp. privately to Banc of America Public Capital Corp., said a notice released Tuesday.

The bonds are due June 1, 2032 and bear interest at a percentage of one-month Libor plus an applicable spread.

Proceeds from the offering will be used to refund the health system’s Baylor College of Medicine series 2010B revenue refunding bonds.

Issuer:	Harris County Cultural Education Facilities Finance Corp./Memorial Hermann Health System
Issue:	Series 2015C bonds
Amount:	$107.8 million
Maturity:	June 1, 2032
Coupon:	A percentage of one-month Libor plus a spread
Type:	Private placement
Purchaser:	Banc of America Public Capital Corp.
Pricing date:	Dec. 15

© 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.