Elmhurst Memorial Healthcare, Ill., plans to price $362.615 million revenue and variable-rate bonds

By Cristal Cody

Springdale, Ark., April 28 - Elmhurst Memorial Healthcare plans to price $112.615 million revenue bonds and $250 million variable-rate bonds, according to a preliminary official statement.

The series 2008A bonds will price through the Illinois Finance Authority.

Elmhurst also intends to simultaneously price $100 million series 2008B, $75 million series 2008C, $50 million series 2008D and $25 million series 2008E variable-rate demand revenue bonds, according to the statement.

Additional pricing information was not immediately available.

Citigroup Global Markets is the senior manager and Morgan Stanley is the co-manager of the negotiated sale of the series 2008A bonds.

Proceeds will be used to refund the original $47 million principal in series 2006 revenue bonds and pay for a portion of the costs of acquiring and equipping health facilities, including a six-story, 259-bed replacement acute care hospital.

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