Gerald Champion, N.M., preps $71.25 million hospital refunding bonds

By Sheri Kasprzak

New York, Aug. 27 - The New Mexico Hospital Equipment Loan Council is gearing up to sell $71,245,000 of series 2012A hospital improvement and revenue refunding bonds for the Gerald Champion Regional Medical Center, according to a preliminary official statement.

The bonds (/BB/) will be sold through lead manager Jefferies & Co.

The maturities have not been set.

Proceeds will be used to construct, improve, renovate and equip a new patient tower at the medical center and refund the medical center's series 2007A bonds.

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