By Sheri Kasprzak
New York, Oct. 3 - The Iowa Finance Authority sold $79.19 million of series 2013B variable-rate health facilities revenue bonds for UnityPoint Health, according to an official statement.
The deal included $39.56 million of series 2013B-1 bonds and $39.56 million of series 2013B-2 bonds.
Both bonds are due Feb. 15, 2039 and bear interest initially at the weekly rate.
The bonds (Aa1/VMIG1//AA-/F1) were sold on a negotiated basis with J.P. Morgan Securities LLC as the underwriter for the series 2013B-1 bonds and Morgan Stanley & Co. LLC as the underwriter for the series 2013B-2 bonds.
Proceeds will be used to refund the authority's series 2009C revenue bonds and to refinance a line of credit utilized to repay the authority's series 2009F bonds.
| Issuer: | Iowa Finance Authority/UnityPoint Health
|
| Issue: | Series 2013B variable-rate health facilities revenue bonds
|
| Amount: | $79.19 million
|
| Type: | Negotiated
|
| Underwriters: | J.P. Morgan Securities LLC (lead for 2013B-1), Morgan Stanley & Co. LLC (lead for 2013B-2)
|
| Ratings: | Moody's: Aa1/VMIG1
|
| Fitch: AA-/F1
|
| Pricing date: | Sept. 25
|
| Settlement date: | Oct. 3
|
|
|
| $39.56 million series 2013B-1 bonds
|
| Maturity | Type | Coupon | Price
|
| Feb. 15, 2039 | Term | Weekly | 100
|
|
|
| $39.56 million series 2013B-2 bonds
|
| Maturity | Type | Coupon | Price
|
| Feb. 15, 2039 | Term | Weekly | 100
|
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