By Sheri Kasprzak
New York, Oct. 7 – The Arizona Health Facilities Authority sold $200.6 million of series 2014A revenue bonds for Banner Health, said a pricing sheet.
The bonds (/AA-/AA-) were sold through senior managers Morgan Stanley & Co. LLC and BofA Merrill Lynch.
The bonds are due in 2044 and have a 4% coupon priced at par and a 5% coupon priced at 111.033.
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.
| Issuer: | Arizona Health Facilities Authority/Banner Health
|
| Issue: | Series 2014A revenue bonds
|
| Amount: | $200.6 million
|
| Type: | Negotiated
|
| Underwriters: | Morgan Stanley & Co. LC and BofA Merrill Lynch (lead)
|
| Ratings: | Standard & Poor’s: AA-
|
| Fitch: AA-
|
| Pricing date: | Oct. 7
|
| Settlement date: | Oct. 22
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $101.23 million | 2044 | Term | 4% | 100
|
| $99.37 million | 2044 | Term | 5% | 111.033
|
|
|
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