By Sheri Kasprzak
New York, April 27 – Allen County, Ohio, sold $100 million of series 2015B adjustable-rate hospital facilities revenue bonds for Mercy Health, said an official statement.
The bonds (A1/AA-/AA-) were sold through J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC.
The bonds are due Nov. 1, 2035 and bear interest at the Sifma swap index plus 75 bps. They priced at par.
Proceeds will be used to construct, equip and renovate Mercy Health facilities and to refund the county’s series 2010A bonds issued for Catholic Healthcare Partners.
| Issuer: | Allen County, Ohio/Mercy Health
|
| Issue: | Series 2015B adjustable-rate hospital facilities revenue bonds
|
| Amount: | $100 million
|
| Maturity: | Nov. 1, 2035
|
| Coupon: | Sifma swap index plus 75 bps
|
| Price: | 100
|
| Type: | Negotiated
|
| Underwriters: | J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC
|
| Ratings: | Moody’s: A1
|
| Standard & Poor’s: AA-
|
| Fitch: AA-
|
| Pricing date: | April 22
|
| Settlement date: | April 29
|
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