Illinois Finance to sell $150 million Advocate Health revenue bonds

By Sheri Kasprzak

New York, Nov. 8 - The Illinois Finance Authority plans to price $150 million of series 2012 revenue bonds for the Advocate Health Care Network, according to a preliminary official statement.

The bonds (Aa2/AA/AA) will be sold on a negotiated basis with Citigroup Global Markets Inc. as the lead manager. The co-managers are Loop Capital Markets LLC and Cabrera Capital Markets LLC.

The maturities have not been set.

Proceeds will be used to finance, refinance or reimburse the health care network for the construction, equipment and renovation of Advocate facilities.

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