Illinois Finance to sell $501.91 million of Rush Medical Center bonds

By Sheri Kasprzak

New York, Jan. 9 – The Illinois Finance Authority is set to price $501.91 million of series 2015 revenue bonds for the Rush University Medical Center, said a preliminary official statement. Pricing is expected during the week of Jan. 12.

The bonds (//A+) will be sold through lead managers Goldman Sachs & Co. and BofA Merrill Lynch. The co-managers are Cabrera Capital Markets Inc., Loop Capital Markets LLC and William Blair & Co.

The maturities have not been set.

Proceeds will be used to refund the medical center’s series 2006 and 2009A-D revenue bonds.

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