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Trinity Health Group arranges $961.43 million of composite issue bonds
By Sheri Kasprzak
New York, Jan. 28 – The Trinity Health Credit Group is expected to price $961.43 million revenue bonds in a composite issue, according to a preliminary official statement.
The deal includes $640.63 million of series 2015MI hospital revenue and refunding bonds through the Michigan Finance Authority, $169.74 million of series 2015ID revenue bonds through the Idaho Health Facilities Authority and $151.06 million of series 2015MD revenue bonds through Montgomery County, Md.
The bonds (Aa3) will be sold through BofA Merrill Lynch and Goldman, Sachs & Co. The co-managers are J.P. Morgan Securities LLC, Cabrera Capital Markets LLC, Loop Capital Markets LLC and Wells Fargo Securities LLC.
The maturities have not been set.
Proceeds will be used to finance capital improvements to Trinity Health facilities, as well as to refund existing bonds.
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