Johns Hopkins Health, Md., to sell $84.55 million of CP revenue notes Wednesday

By Sheri Kasprzak

New York, April 1 - The Johns Hopkins Health System in Maryland intends to price $84.55 million in commercial paper revenue notes through the Maryland Health and Higher Educational Facilities Authority on Wednesday.

The series 2008F bonds (P-1//) will be sold on a negotiated basis through lead manager Merrill Lynch & Co.

Proceeds from the deal will be used to refinance existing debt for the hospital and reimburse Bank of America for authorized draws under its letter of credit.

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