Indiana Finance offers $300 million Franciscan Alliance revenue bonds

By Sheri Kasprzak

New York, Jan. 12 – The Indiana Finance Authority plans to price $300 million of series 2016 health system revenue bonds for the Franciscan Alliance Inc. Obligated Group, according to a preliminary official statement.

The deal includes $200 million of series 2016A bonds and $100 million of series 2016B bonds.

The bonds (Aa3//AA) will be sold through senior managers BofA Merrill Lynch and Wells Fargo Securities LLC.

The maturities have not been set.

Proceeds will be used to construct, renovate, improve and acquire health facilities for the obligated group, as well as to refund existing debt.

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