By Sheri Kasprzak
New York, July 29 - The NYU Hospitals Center priced $350 million of series 2013A taxable bonds, according to a pricing sheet.
The bonds (A3/A-/A-) were sold through senior managers BofA Merrill Lynch and J.P. Morgan Securities LLC.
The bonds are due 2043 and have a 5.75% coupon priced at par.
Proceeds will be used to construct, equip and acquire capital projects for the center, as well as to repay a line of credit and provide working capital.
| Issuer: | NYU Hospitals Center
|
| Issue: | Series 2013A taxable bonds
|
| Amount: | $350 million
|
| Maturity: | July 1, 2043
|
| Coupon: | 5.75%
|
| Price: | 100
|
| Type: | Negotiated
|
| Underwriters: | BofA Merrill Lynch and J.P. Morgan Securities LLC (lead), Morgan Stanley & Co. LLC and Wells Fargo Securities LLC (co-managers)
|
| Ratings: | Moody's: A3
|
| Standard & Poor's: A-
|
| Fitch: A-
|
| Pricing date: | July 24
|
| Settlement date: | Aug. 1
|
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