Huntsville Health Care Authority, Ala., to price $150 million CP notes

By Cristal Cody

Springdale, Ark., June 23 - Huntsville Health Care Authority in Alabama intends to price $150 million commercial paper notes on June 30, a source with the issuer said Monday.

The series 2008 notes (P-1//) will be sold in a negotiated sale managed by Merrill Lynch & Co.

The authority is a public corporation that owns and operates Huntsville Hospital.

Proceeds will be used to fund capital projects and refund $65.7 million from the series 1997A bonds and $21.7 million from the series 2002A bonds.

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