Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers H > Headlines for Health, Educational and Housing Facility Board of Shelby County > News item |
Methodist Le Bonheur Healthcare in Tennessee plans to price $380.9 million bonds
By Cristal Cody
Springdale, Ark., May 9 - Methodist Le Bonheur Healthcare in Tennessee plans to price $380.9 million in bonds in May and June, the issuer said Friday.
The Memphis-based health care system expects to price $110.9 million series 2008C fixed-rate revenue bonds on May 20, said Mark Barbieri, manager of treasury services.
Methodist Le Bonheur also intends to price $270 million series 2008A and B variable-rate bonds on June 11.
The bonds (A2) will price through the Health, Educational and Housing Facility of Shelby County, Tenn.
Morgan Keegan and J.P. Morgan Securities Inc. are the managers of the negotiated sales.
Proceeds will be used to fund $184 million of projects, including the expansion of the Le Bonheur Germantown hospital and the new Le Bonheur Children's hospital, and to refinance and convert $70 million of the outstanding series 2004C auction-rate bonds and all of the series 1985C, series 1995 and series 1998 bonds.
© 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.