Illinois Finance to sell $455.98 million bonds for Northwestern Hospital Wednesday

By Sheri Kasprzak

New York, March 20 - The Illinois Finance Authority plans to price its previously announced $455.975 million in series 2009 revenue bonds (Aa2/AA+/) for Northwestern Memorial Hospital on Wednesday, according to a calendar of upcoming deals.

The bonds will be sold on a negotiated basis with J.P. Morgan Securities Inc. with Citigroup Global Markets Inc., Loop Capital Markets LLC and Cabrera Capital Markets LLC as the co-managers.

The sale includes $352.525 million in series 2009A bonds and $103.45 million in series 2009B bonds.

Proceeds will be used to reimburse the hospital for costs related to constructing and renovating healthcare facilities, as well as to refund the hospital's series 1995, 2004B, 2007B and 2008B bonds.

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