Hawaii Pacific Health prepares $160.98 million sale of revenue bonds

By Sheri Kasprzak

New York, Sept. 4 - The Hawaii Pacific Health Obligated Group is set to price $160.98 million of series 2013 revenue bonds, according to a preliminary official statement.

The deal includes $128,635,000 of series 2013A special purpose revenue bonds and $32,345,000 of series 2013B special purpose revenue bonds.

The bonds (/A-/A-) will be sold on a negotiated basis with J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and Wells Fargo Securities LLC as the underwriters.

The maturities have not been set.

Proceeds will be used to finance the construction of new facilities, including neonatal and pediatric care facilities, as well as to refund the obligated group's series 1998 and 2004A-B special purpose revenue bonds.

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