County of Muskinghum, Ohio, schedules $294.94 million bond offering

By Cristal Cody

Tupelo, Miss., April 5 - The County of Muskinghum, Ohio, intends to sell $294.94 million of hospital facilities revenue bonds (expected Ba1/BB+/) for Genesis Healthcare System, according to a preliminary official statement.

The series 2013 bonds have term bonds due 2018, 2023, 2033, 2043 and 2048.

Barclays is the senior manager of the negotiated sale. The co-managers are PNC Capital Markets LLC and Huntington Investment Co.

Proceeds will be used to finance the acquisition, construction, renovation, equipping and installation of health-care facilities and to refund and retire some outstanding taxable debt.

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