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Baptist Health Authority, Ala., organizes $250 million taxable bonds
By Sheri Kasprzak
New York, April 25 - The Health Care Authority for Baptist Health of Alabama is set to sell $250 million of series 2013A taxable bonds, according to a preliminary official statement.
The bonds (A3/BBB+/) will be sold on a negotiated basis with BofA Merrill Lynch as the lead manager. The co-managers are Wells Fargo Securities LLC, Merchant Capital LLC and the Frazier Lanier Co. Inc.
The maturities have not been set.
Proceeds will be used to reimburse the authority for acquiring facilities and to refund and redeem existing debt.
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