Illinois Finance Authority plans $175 million bonds for Provena Health

By Sheri Kasprzak

New York, June 4 - The Illinois Finance Authority is expected to price $175 million in series 2009A revenue bonds for Provena Health, according to a preliminary official statement.

Pricing is set to take place in June.

The bonds (Baa1/BBB+/) will be sold on a negotiated basis with J.P. Morgan Securities Inc. as the lead manager. The co-managers are Cabrera Capital Markets LLC and Loop Capital Markets LLC.

Proceeds from the sale will be used to reimburse Provena for costs related to constructing, acquiring, renovating, remodeling and equipping Provena facilities.

Provena Health is based in Mokena, Ill.

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