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Published on 7/14/2010 in the Prospect News Municipals Daily.

Florence County, S.C., plans to sell $122.42 million revenue bonds for McLeod Regional Medical

By Sheri Kasprzak

New York, July 14 - Florence County in South Carolina plans to bring to market $122.415 million in series 2010A hospital revenue bonds for McLeod Regional Medical Center of the Pee Dee Inc., according to a preliminary official statement.

The bonds (/A+/AA-) will be sold on a negotiated basis with J.P. Morgan Securities Inc. as the senior manager. The co-manager is Wells Fargo Securities LLC.

Proceeds will be used to construct, acquire and equip hospital facilities, as well as to refund the hospital's outstanding series 2004B bonds and a portion of its series 1998A bonds, if market conditions are favorable.


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