Idaho Health Facilities plans $166.07 million St. Luke’s Health bonds

By Sheri Kasprzak

New York, Aug. 4 – The Idaho Health Facilities Authority is expected to price $166.07 million of series 2014A revenue bonds for the St. Luke’s Health System, according to a preliminary official statement.

The bonds (A3/A-/) will be sold on a negotiated basis with J.P. Morgan Securities LLC and Wells Fargo Securities LLC as the senior managers.

The bonds are due 2016 to 2029 with term bonds due in 2034, 2039 and 2044.

Proceeds will be used to finance improvements to the health system’s flagship downtown Boise campus, the construction of a medical plaza adjacent to current facilities in Twin Falls, the expansion of the health system’s Nampa facility, the purchase of equipment for the Mountain States Tumor Institute Project in Boise, as well as to install electronic health records for the system.

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