Rush University Medical Center, Ill., to reoffer $96 million revenue refunding bonds Tuesday

By Sheri Kasprzak

New York, May 16 - Rush University Medical Center in Illinois plans to reoffer $96 million in series 2006 bonds on Tuesday, according to a calendar of offerings.

The bonds, which are MBIA insured, will be sold on a negotiated basis with Morgan Stanley as the lead manager. Citigroup Global Markets, Loop Capital Markets, JPMorgan and William Blair & Co. are the co-managers.

The bonds are due from 2012 to 2018 with a term bonds due 2023, 2028 and 2035.

The bonds will be sold through the Illinois Finance Authority.

Proceeds will be used to refund prior bonds and make a deposit to a debt service reserve fund.

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