Arizona Health coordinates $100 million of Banner Health revenue bonds

By Sheri Kasprzak

New York, Oct. 19 – The Arizona Health Facilities Authority is expected to price $100 million of series 2015A revenue bonds for Banner Health during the week of Oct. 19, according to a preliminary official statement.

The bonds (/AA-/AA-) will be sold through lead managers Morgan Stanley & Co. LLC and J.P. Morgan Securities LLC.

The maturities have not been set.

Proceeds will be used to advance refund bonds and pay down a taxable revolving credit loan from Bank of America, NA.

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