Connecticut Health to price $260 million Hartford Healthcare bonds

By Sheri Kasprzak

New York, Sept. 13 - The Connecticut Health and Educational Facilities Authority intends to bring to market $260 million of series A revenue bonds on behalf of Hartford Healthcare Inc., according to a preliminary official statement.

The bonds (A2/A/A) will be sold on a negotiated basis with Citigroup Global Markets Inc. and Morgan Stanley & Co. LLC as the lead managers. The co-managers are Bank of America Merrill Lynch and J.P. Morgan Securities LLC.

The maturities have not been set.

Proceeds will be used to finance or refinance improvements and expansions to Hartford Healthcare facilities, as well as to refund existing debt.

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