Sentara Healthcare, Va., to sell $68.89 million revenue bonds due 2034

By Sheri Kasprzak

New York, April 19 - The Economic Development Authority of Norfolk, Va., is set to sell $68.89 million of series 2012A hospital facilities revenue and refunding bonds for Sentara Healthcare, according to a preliminary official statement.

The bonds (Aa2/P-1/AA/A-1+/), which are seven-month variable-rate demand bonds, will be sold on a negotiated basis with Citigroup Global Markets Inc. as the lead manager.

The bonds are due Nov. 1, 2034.

Proceeds will be used to refund Sentara Healthcare's series 2004A-C and 2009A revenue bonds, which were originally used to construct, acquire, equip and install certain hospital facilities.

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