Utah County, Utah, plans $80 million sale of IHC Health revenue bonds

By Sheri Kasprzak

New York, July 23 – Utah County, Utah, is set to price $80 million of series 2014 variable-rate hospital revenue bonds for IHC Health Services Inc., according to a preliminary official statement.

The deal includes $40 million of series 2014B bonds and $40 million of series 2014C bonds.

The bonds (Aa1/P-1/AA+/A-1+/) will be sold on a negotiated basis. Wells Fargo Securities LLC is the senior manager for the 2014B bonds and J.P. Morgan Securities LLC is the lead manager for the 2014C bonds.

The maturities have not been set.

Proceeds will be used to finance and reimburse the corporation for the construction, equipment, furnishing and improvement of IHC Health facilities.

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