New Issue: Illinois Finance prices $134.72 million of Centegra Health revenue debt

By Sheri Kasprzak

New York, May 21 - The Illinois Finance Authority sold $134,715,000 of series 2014A revenue bonds for Centegra Health System, according to a pricing sheet.

The bonds (/BBB/BBB) were sold through senior manager J.P. Morgan Securities LLC.

The bonds are due 2018 to 2029 with term bonds due in 2034, 2039 and 2042. The serial bonds have 5% coupons. The 2034 bonds have a 5% coupon priced at 104.471. The 2039 bonds have a 4.625% coupon priced at 97.592 and a 5% coupon priced at 102.487. The 2042 bonds have a 5% coupon priced at 102.08.

Proceeds will be used to reimburse the corporation for the construction and equipment of a new hospital in Huntley, Ill.

Issuer:	Illinois Finance Authority/Centegra Health System
Issue:	Series 2014A revenue bonds
Amount:	$134,715,000
Type:	Negotiated
Underwriter:	J.P. Morgan Securities LLC
Ratings:	Standard & Poor's: BBB
	Fitch: BBB
Pricing date:	May 21
Settlement date;	June 11
Amount	Maturity	Type	Coupon	Price
$1.17 million	2018	Serial	5%	111.441
$1.22 million	2019	Serial	5%	112.112
$1.27 million	2020	Serial	5%	112.175
$1,325,000	2021	Serial	5%	111.93
$1,385,000	2022	Serial	5%	111.844
$1.44 million	2023	Serial	5%	111.313
$2.24 million	2024	Serial	5%	111.065
$2.36 million	2025	Serial	5%	109.902
$2,475,000	2026	Serial	5%	109.018
$2,605,000	2027	Serial	5%	108.491
$2.74 million	2028	Serial	5%	107.881
$2,875,000	2029	Serial	5%	107.102
$16,765,000	2034	Term	5%	104.471
$10 million	2039	Term	4.625%	97.592
$26.39 million	2039	Term	5%	102.487
$58,455,000	2042	Term	5%	102.08

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