Lufkin Health Facilities, Texas, to price $71.96 million in bonds for Memorial Health System

By Sheri Kasprzak

New York, Oct. 23 - The Lufkin Health Facilities Development Corp. of Texas plans to sell $71.955 million in series 2009 revenue refunding and improvement bonds for the Memorial Health System of East Texas, according to a preliminary official statement.

The bonds (Baa2/BBB+/) will be sold on a negotiated basis with Morgan Keegan & Co. Inc. as the senior manager.

The maturities have not been set.

Proceeds will be used to reimburse or finance the construction, acquisition, improvement and rehabilitation of Memorial Health facilities and equipment.

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