Chatham County Hospital Authority, Ga., to sell $160.11 million bonds

By Sheri Kasprzak

New York, May 11 - The Chatham County Hospital Authority of Georgia is expected to price $160.11 million of series 2012A seven mill tax pledge refunding and improvement revenue bonds for the Memorial Health University Medical Center, according to a preliminary official statement.

The bonds (Aa2/AA/) will be sold on a negotiated basis with Wells Fargo Securities LLC as the senior manager. The co-managers are Bank of America Merrill Lynch, Siebert Brandford Shank & Co. LLC and Wells Fargo Securities LLC.

The bonds are due 2018 to 2027 with a term bond due in 2033 and 2034.

Proceeds will be used to construct, equip, acquire and improve the children's hospital operated by the medical center.

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