Arizona Health Facilities to price $912.15 million revenue bonds Aug. 28

By Sheri Kasprzak

New York, Aug. 11 - The Arizona Health Facilities Authority intends to price $912.15 million in series 2008 revenue bonds, according to a preliminary official statement.

The bonds (/AA-/AA-) will be sold on a negotiated basis with Morgan Stanley and Merrill Lynch as the senior managers. The offering will be conducted on Aug. 28, as listed in a calendar of upcoming sales.

The sale includes series 2008D, 2008E and 2008F bonds, but the exact breakdown of each series has not been determined at this time.

Proceeds will be used to finance the acquisition of the Sun Health Boswell Hospital and the Sun Health Del E. Webb Hospital from Sun Health Corp.

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