By Sheri Kasprzak
New York, Oct. 16 - The CHE Trinity Health Credit Group sold $132.98 million of series 2013 revenue bonds, according to an official statement.
The offering included $87,245,000 of series 2013OH Franklin County, Ohio, revenue bonds and $45,735,000 of series 2013ID Idaho Health Facilities Authority hospital revenue bonds.
The 2013OH bonds are due 2046 and initially bear interest at the Window rate with an initial mandatory tender window of 210 days.
The 2013ID bonds are due 2048 and initially bear interest at the Window rate with an initial mandatory tender window of 210 days.
The bonds (Aa2/P-1/AA-/A-1+/AA/F1+) were sold through lead managers BofA Merrill Lynch and Goldman, Sachs & Co.
Proceeds will be used to finance or refinance the construction, improvement, equipment and renovation of health care facilities in Idaho, Maryland, Michigan, Ohio, California, Delaware, Florida, Illinois, Indiana, Iowa and Pennsylvania owned by Catholic Health East and Trinity Health.
Issuer: | CHE Trinity Health
|
Issue: | Series 2013 revenue bonds
|
Amount: | $132.98 million
|
Type: | Negotiated
|
Underwriters: | BofA Merrill Lynch and Goldman, Sachs & Co.
|
Ratings: | Moody's: Aa2/P-1
|
| Standard & Poor's: AA-/A-1+
|
| Fitch: AA/F1+
|
Pricing date: | Oct. 15
|
Settlement date: | Oct. 30
|
|
$87,245,000 series 2013OH Franklin County, Ohio revenue bonds
|
Maturity | Type | Coupon | Initial Mandatory Tender Window | Price
|
Dec. 1, 2046 | Term | Window rate | 210 days | 100
|
|
$45,735,000 series 2013ID Idaho Health Facilities Authority hospital revenue bonds
|
Maturity | Type | Coupon | Initial Mandatory Tender Window | Price
|
Dec. 1, 2048 | Term | Window rate | 210 days | 100
|
© 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.