Fairfax County IDA, Va., organizes $200 million offering of Inova debt

By Sheri Kasprzak

New York, Nov. 20 – The Fairfax County Industrial Development Authority, Va., is set to price $200 million of series 2014A health care revenue bonds for Inova Health System, according to a preliminary official statement.

The bonds (Aa2/AA+/) will be sold through senior managers Morgan Stanley & Co. LLC and J.P. Morgan Securities LLC.

The maturities have not been set.

Proceeds will be used to finance capital projects at the system’s Inova Fairfax Hospital, Inova Mount Vernon Hospital and Inova Fair Oaks Hospital, as well as other capital improvements at various Inova facilities.

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