Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers M > Headlines for Memorial Hermann Health System > News item |
Memorial Hermann Health, Texas, to sell $221.1 million revenue bonds
By Sheri Kasprzak
New York, May 16 - The Harris County Cultural Education Facilities Finance Corp. of Texas is expected to price $221,105,000 of series 2014 hospital revenue bonds for the Memorial Hermann Health System, according to a preliminary official statement.
The deal includes $150,035,000 of series 2014A bonds and $71.07 million of series 2014B bonds.
The bonds (A1/A+/) will be sold on a negotiated basis. J.P. Morgan Securities LLC is the senior manager for the 2014A bonds and the underwriter for the 2014B bonds. BofA Merrill Lynch, Citigroup Global Markets Inc., Goldman, Sachs & Co., Loop Capital Markets LLC, RBC Capital Markets LLC and Wells Fargo Securities LLC are the co-managers for the 2014A bonds.
The 2014A bonds are due 2016 to 2031. The 2014B bonds are due Dec. 1, 2042.
Proceeds will be used to acquire, equip, construct, renovate and improve facilities operated by Memorial Hermann.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.