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University Hospitals, Ohio, plans $175 million sale of revenue bonds
By Sheri Kasprzak
New York, April 27 - The State of Ohio plans to price $175 million of series 2012 hospital revenue bonds for the University Hospitals Health System Inc., according to a preliminary official statement.
The bonds (A2/A/) will be sold on a negotiated basis with Bank of America Merrill Lynch and Barclays Capital Inc. as the senior managers. The co-managers are Edward D. Jones & Co. LP, Fifth Third Securities Inc., KeyBanc Capital Markets Inc., Morgan Stanley & Co. LLC, PNC Capital Markets LLC, US Bancorp Inc. and Wells Fargo Securities LLC.
The bonds are due 2014 to 2023 with term bonds due in 2035, 2037, 2039 and 2041.
Proceeds will be used to refund the series 2009A hospital revenue bonds issued for the health system.
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