Ohio to price $100 million in revenue bonds for University Hospitals

By Sheri Kasprzak

New York, Jan. 25 - Ohio is expected to price $100 million in series 2010A-B hospital revenue bonds for University Hospitals Health System Inc., according to a preliminary official statement.

The bonds (A2) will be sold on a negotiated basis with Bank of America Merrill Lynch and Citigroup Global Markets Inc. as the senior managers. The co-managers are Edward Jones & Co., KeyBanc Capital Markets Inc., PNC Capital Markets LLC and Wells Fargo Securities Inc.

The maturities have not been set.

Proceeds will be used to fund the construction, renovation, equipment and acquisition of hospital facilities, as well as to refund a portion of the health system's series 2008A-E bonds.

University Hospitals Health System is based in Cleveland.

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