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Michigan Finance plans $108.35 million McLaren Health refunding bonds
By Sheri Kasprzak
New York, May 31 - The Michigan Finance Authority is expected to sell $108,345,000 of series 2012A hospital revenue refunding bonds for the McLaren Health Care Corp., according to a preliminary official statement.
The bonds (Aa3//AA-) will be sold on a negotiated basis with Citigroup Global Markets Inc. and J.P. Morgan Securities LLC as the senior managers.
The bonds are due 2013 to 2028.
Proceeds will be used to refund the authority's series 1998A McLaren Health Care revenue refunding bonds and series 2003 and 2006 Petoskey Hospital Finance Authority limited obligation revenue and refunding bonds.
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