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Cuyahoga County, Ohio, to sell $99.58 million bonds for MetroHealth
By Sheri Kasprzak
New York, Nov. 9 - Cuyahoga County of Ohio is set to price $99.575 million of series 2010A hospital revenue bonds for the MetroHealth System, according to a preliminary official statement.
The bonds (A2/A-/A-) will be sold on a negotiated basis with Bank of America Merrill Lynch as the senior manager and PNC Capital Markets LLC and KeyBanc Capital Markets LLC as the co-managers.
The maturities have not been set.
Proceeds will be used to refinance and redeem the health system's series 1997 and 1997A bonds.
MetroHealth is based in Cleveland and operates critical care, rehabilitation, senior care and research facilities.
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