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University Hospitals, Ohio, preps $50 million sale of revenue bonds
By Sheri Kasprzak
New York, Sept. 6 - The State of Ohio plans to price $50 million of series 2012C 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. The co-managers are Edward D. Jones & Co. LP, Fifth Third Securities Inc., KeyBanc Capital Markets Inc., PNC Capital Markets LLC and U.S. Bancorp Inc.
The maturities have not been set.
Proceeds will be used to refund the health system's series 2009B and 2009C-1 revenue bonds.
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