Illinois Finance Authority arranges $96.52 million sale of revenue bonds for Ascension Health

By Sheri Kasprzak

New York, April 11 - The Illinois Finance Authority plans to price $96,515,000 of series 2012E revenue bonds for the Ascension Health Alliance, according to a preliminary official statement.

The bonds (/AA+/) will be sold on a negotiated basis with Morgan Stanley & Co. LLC and Citigroup Global Markets Inc. as the senior managers.

The bonds will be sold in three tranches, but the exact breakdown has not been determined.

Proceeds will be used to finance or refinance projects completed by Ascension Health's Illinois, Missouri and Maryland affiliates, as well as to refund existing debt.

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