By Sheri Kasprzak
New York, Sept. 27 - The Health and Educational Facilities Authority of the State of Missouri priced $50 million of series 2012 health facilities revenue bonds for the Heartland Regional Medical Center, according to a term sheet.
The bonds (A1//A+) were sold through BMO Capital Markets LLC and Wells Fargo Securities LLC.
The bonds are due 2027, 2032, 2037 and 2043. The 2027 bonds have a 3.5% coupon to yield 3.63%. The 2032 bonds have a 3.875% coupon to yield 3.93%. The 2037 bonds have a split maturity with a 4.125% coupon to yield 4.15% and a 5% coupon to yield 4.02%. The 2043 bonds have a split maturity with a 4.125% coupon to yield 4.2% and a 5% coupon to yield 4.08%.
Proceeds will be used to finance a loan to the medical center for the construction, remodeling, acquisition, renovation and equipment of Heartland facilities.
| Issuer: | Health and Educational Facilities Authority of the State of Missouri/Heartland Regional Medical Center
|
| Issue: | Series 2012 health facilities revenue bonds
|
| Amount: | $50 million
|
| Type: | Negotiated
|
| Underwriters: | BMO Capital Markets LLC and Wells Fargo Securities LLC
|
| Ratings: | Moody's: A1
|
| Fitch: A+
|
| Pricing date: | Sept. 18
|
| Settlement date: | Oct. 3
|
|
|
| Amount | Maturity | Type | Coupon | Yield
|
| $570,000 | 2027 | Term | 3.5% | 3.63%
|
| $2.21 million | 2032 | Term | 3.875% | 3.93%
|
| $9.72 million | 2037 | Term | 5% | 4.02%
|
| $9,495,000 | 2037 | Term | 4.125% | 4.15%
|
| $14,005,000 | 2043 | Term | 5% | 4.08%
|
| $14 million | 2043 | Term | 4.125% | 4.20%
|
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