Novant Health, N.C., to bring $250 million offering of taxable bonds

By Cristal Cody

Tupelo, Miss., April 5 - Novant Health, Inc. of North Carolina intends to sell $250 million of series 2013C taxable bonds due 2043 (A1/A+/AA-), according to a preliminary official statement.

J.P. Morgan Securities Inc. is the senior manager of the negotiated sale. Co-managers are BofA Merrill Lynch, BB&T Capital Markets and Wells Fargo Securities LLC.

Proceeds will be used for corporate purposes, including to refinance long-term debt.

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