Louisiana Public Facilities offers $150 million Ochsner Clinic bonds

By Cristal Cody

Prospect News, April 21 - The Louisiana Public Facilities Authority plans to sell $150 million revenue bonds for the Ochsner Clinic Foundation, according to a preliminary official statement.

The series 2011 bonds (Baa1//BBB+) have serial maturities from 2017 through 2021 and a term bond due 2031 and 2041.

The bonds will price through a negotiated sale.

Citigroup Global Markets Inc. and Barclays Capital Inc. are the lead managers. Merrill Lynch and Morgan Keegan are the co-managers.

Proceeds will be used to finance and refinance costs to acquire, construct, renovate and repair hospital and health care facilities in the state.

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