Gallia County, Ohio, offers $172.7 million hospital revenue refunding and improvement bonds

By Sheri Kasprzak

New York, Sept. 27 - Gallia County in Ohio is expected to price $172.7 million of series 2011 hospital facilities revenue refunding and improvement bonds for the Holzer Health System Obligated Group, according to a preliminary official statement.

The bonds will be sold in two tranches, the breakdown of which has not been determined.

RBC Capital Markets LLC is the senior manager for the deal.

The maturities have not been set.

Proceeds will be used to construct, acquire, equip and renovate Holzer Health facilities, as well as to refund its series 1998 and 2005 revenue refunding bonds, a commercial loan and promissory notes.

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