Illinois Finance Authority to sell $72.35 million bonds for KishHealth

By Cristal Cody

Springdale, Ark., July 31 - The Illinois Finance Authority plans to price $72.35 million hospital revenue refunding bonds for KishHealth System, according to a preliminary official statement released Thursday.

The series 2008 bonds (/A-/) have serial maturities from 2013 through 2018 and terms due in 2028 and 2035.

J.P. Morgan Securities Inc. will manage the negotiated sale.

Proceeds will be used to refund the outstanding $63.05 million series 2005 auction-rate revenue bonds and fund a debt service reserve fund.

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