Illinois Finance to sell $107.99 million Northwestern Memorial bonds

By Sheri Kasprzak

New York, Feb. 11 - The Illinois Finance Authority plans to sell $107.99 million of series 2013 revenue bonds for the Northwestern Memorial Health Care during the week of Feb. 11, according to a preliminary official statement.

The bonds (Aa2/AA+/) will be sold on a negotiated basis with J.P. Morgan Securities LLC and Citigroup Global Markets Inc. as the senior managers. The co-managers are Loop Capital Markets LLC and Cabrera Capital Markets LLC.

The maturities have not been set.

Proceeds will be used to construct, acquire, equip and renovate existing facilities at Northwestern, as well as refund the authority's series 2002A, 2002C and 2003 revenue bonds.

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