Arizona Health coordinates $314.78 million Scottsdale Lincoln bonds

By Sheri Kasprzak

New York, Dec. 10 – The Arizona Health Facilities Authority is expected to price $314.78 million of series 2014A revenue bonds for the Scottsdale Lincoln Hospital, according to a preliminary official statement.

The bonds (A2//A) will be sold through senior managers Morgan Stanley & Co. LLC and Wells Fargo Securities LLC with BofA Merrill Lynch as the co-manager.

The maturities have not been set.

Proceeds will be used to refinance debt associated with the construction, equipment, acquisition and renovation of a health and emergency services building in Scottsdale.

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