Arizona Health prepares $205.06 million sale of Banner revenue bonds

By Sheri Kasprzak

New York, Sept. 29 – The Arizona Health Facilities Authority is expected to price $205.06 million of series 2014A revenue bonds for Banner Health, according to a preliminary official statement.

The bonds (/AA-/AA-) will be sold through senior managers Morgan Stanley & Co. LLC and BofA Merrill Lynch.

The maturities have not been set.

Proceeds will be used to refinance interim debt incurred with the acquisition and improvement of the Banner Casa Grande Medical Center in Casa Grande, Ariz.; the construction, equipment and improvement of the Banner Fort Collins Medical Center in Fort Collins, Colo.; and the expansion, renovation and improvement of the M.D. Anderson Cancer Center and the Banner Gateway Medical Center.

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