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St. Luke's Hospital, Pa., prepares $65 million hospital revenue bonds
By Sheri Kasprzak
New York, May 29 - The Northampton General Purpose Authority of Pennsylvania plans to sell $65 million of series 2013 hospital revenue bonds for St. Luke's Hospital, according to a preliminary official statement.
The deal includes $32.5 million of series 2013A bonds and $32.5 million of series 2013B variable-rate bonds.
The bonds (A3/BBB+/) will be sold on a negotiated basis with BofA Merrill Lynch as the underwriter.
The maturities have not been set.
Proceeds will be used to finance a 200-bed expansion to the hospital's Anderson, Pa., campus, as well as to make other renovations to St. Luke's facilities.
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