Illinois Finance eyes $967.84 million Presence Health revenue bonds

By Sheri Kasprzak

New York, July 14 – The Illinois Finance Authority is set to price $967,835,000 of series 2016C revenue bonds for Presence Health Network, according to a preliminary official statement.

The bonds (Baa3/BBB-/BBB) will be sold on a negotiated basis with J.P. Morgan Securities LLC as the senior manager.

The bonds are due 2020 to 2034 with term bonds due in 2036 and 2041.

Proceeds will be used to refund the health network’s series 1999A-B, 2009, 2009A, 2010A and 2016A revenue bonds.

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