Illinois Finance to price $112.9 million bonds for Rush University Medical Center

By Sheri Kasprzak

New York, Jan. 16 - The Illinois Finance Authority plans to sell $112.9 million in series 2009 revenue bonds for Rush University Medical Center the week of Jan. 19, according to a preliminary official statement.

The bonds (A3/A-/A-) will be sold on a negotiated basis with Morgan Stanley & Co. Inc. and J.P. Morgan Securities Inc. as the senior managers.

The co-managers are William Blair & Co., Cabrera Capital Markets LLC, Citigroup Global Markets Inc., Loop Capital Markets LLC and Raymond James & Associates Inc.

The sale includes $77.38 million in series 2009A bonds and $35.52 million in series 2009B bonds.

The bonds were originally offered in December 2008 but were postponed due to market conditions. The bonds are now expected to price in January.

Proceeds will be used to finance or refinance the campus redevelopment at the Rush University Medical Center.

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