Northwestern Memorial Hospital, Ill., to sell $235.33 million bonds week of Dec. 1

By Sheri Kasprzak

New York, Nov. 26 - The Northwestern Memorial Hospital in Illinois is gearing up to sell $235.325 million in series 2008 revenue bonds the week of Dec. 1, according to a preliminary official statement.

The bonds (Aa2/AA+/) will be sold through senior manager J.P. Morgan Securities Inc. with Citigroup Global Markets and Loop Capital Markets as the co-managers.

The bonds are due from 2009 to 2018 with term bonds due 2023, 2028, 2033 and 2038.

Proceeds will be used to refund existing bonds and to make a termination payment related to interest rate swap agreements.

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