Mission Health, N.C., arranges $250 million sale of taxable revenue bonds due 2042

By Sheri Kasprzak

New York, Sept. 10 - Mission Health, Inc. of North Carolina is expected to come to market with $250 million of series 2012 taxable health system revenue bonds for the Mission Health Combined Group, according to a preliminary official statement.

The bonds (Aa3/AA-/AA-) will be sold on a negotiated basis with Bank of America Merrill Lynch and Wells Fargo Securities LLC as the senior managers.

The bonds are due Dec. 1, 2042.

Proceeds will be used to finance capital improvements and equipment purchases for the combined group.

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