Essentia Health plans to price $105.49 million health care facilities revenue bonds

By Cristal Cody

Springdale, Ark., April 10 - Essentia Health plans to price $105.49 million health care facilities revenue bonds, according to a preliminary official statement.

The hospital intends to price $62.865 million series 2008D bonds through Cass County, N.D., and $42.625 million series 2008E bonds through the Minnesota Agricultural and Economic Development Board.

The bonds will be insured by Assured Guaranty Corp.

The series 2008D issue includes a term bond due Feb. 15, 2040.

The series 2008E issue includes a term bond due Feb. 15, 2038.

Piper Jaffray & Co. is the senior manager for the negotiated sale of the Minnesota bonds.

Goldman, Sachs & Co. is the senior manager for the North Dakota bonds.

Proceeds will be used to pay or refinance the costs of acquiring and equipping facilities in North Dakota and Minnesota and to refinance refunded bonds.

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