Dasny to sell $401.99 million bonds for North Shore-Long Island Jewish Obligated Group

By Sheri Kasprzak

New York, Sept. 9 - The Dormitory Authority of the State of New York is prepared to price $401.99 million of series 2011A revenue bonds for the North Shore-Long Island Jewish Obligated Group, according to a preliminary official statement.

The bonds (A3/A-/A-) will be sold on a negotiated basis with Citigroup Global Markets Inc. as the senior manager.

The co-managers are Morgan Stanley & Co. LLC; Bank of America Merrill Lynch; Blaylock Robert Van LLC; Fidelity Capital Markets Services Inc.; J.P. Morgan Securities LLC; Lebenthal & Co. LLC; M.R. Beal & Co.; Raymond James & Associates Inc.; Rice Financial Products Co.; Roosevelt & Cross Inc.; TD Securities (USA) LLC; and Wells Fargo Securities LLC.

The bond maturities have not been set.

Proceeds will be used to construct an addition at Zucker Hillside Hospital to replace 115 beds; construct a parking facility at Huntington Hospital; refund the obligated group's series 2001A, 2001B and 2001D debt issued through the Nassau County Industrial Development Authority; and refund bonds issued on behalf of Franklin Hospital, Southside Hospital, Staten Island University Hospital, Huntington Hospital and Lenox Hospital.

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