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New Hanover County, N.C., to price $93.71 million hospital revenue refunding bonds
By Sheri Kasprzak
New York, Aug. 25 - New Hanover County, N.C., is expected to price $93.71 million of series 2011 hospital revenue refunding bonds for the New Hanover Regional Medical Center, according to a preliminary official statement.
The bonds (A1/A+/) will be sold on a negotiated basis with RBC Capital Markets LLC and Bank of America Merrill Lynch as the senior managers.
The bonds are due 2012 to 2025 with a term bond due in 2028.
Proceeds will be used to refund the medical center's series 1999 revenue bonds.
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