Hendricks Regional Health to sell $75 million bonds via Indiana Bond Bank

By Cristal Cody

Tupelo, Miss., Feb. 13 - Hendricks Regional Health expects to sell $75 million lease revenue bonds through the Indiana Bond Bank on Feb. 25, the issuer told Prospect News on Friday.

The series 2009A bonds (/AA/) have serial maturities from Aug. 1, 2009 through Aug. 1, 2023 and a term bond due 2029, according to the preliminary official statement.

RBC Capital Markets will be the senior manager of the negotiated sale. Raymond James and Melvin & Co. are co-managers.

Proceeds will be used to expand the hospital and add new operating rooms and to fund the reserve requirement of the debt service reserve fund, said Gary Simpson, controller for Hendricks Regional Health.

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