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Illinois Finance plans $214.84 million UnityPoint Health revenue bonds
By Sheri Kasprzak
New York, May 17 – The Illinois Finance Authority is scheduled to price $214,835,000 of series 2016 health facilities revenue bonds for UnityPoint Health on Thursday, according to a preliminary official statement.
The offering includes $46.61 million of series 2016D bonds and $168,225,000 of series 2016E bonds.
The bonds (Aa3//AA-) will be sold on a negotiated basis with Morgan Stanley & Co. LLC and J.P. Morgan Securities LLC as the senior managers. The co-managers are Barclays, Citigroup Global Markets Inc., U.S. Bancorp Investments Inc. and Wells Fargo Securities LLC.
The maturities have not been set.
Proceeds will be used to finance capital improvements for the health care system, as well as to refund the health system’s series 2006A revenue bonds.
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