Ohio coordinates $170 million University Hospitals Health bond offering

By Sheri Kasprzak

New York, Feb. 3 – The State of Ohio is prepared to price $170 million of series 2016A 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 BofA Merrill Lynch and Barclays as the senior managers and Morgan Stanley & Co. LLC as the co-manager.

The maturities have not been set.

Proceeds will refund the health system’s series 2007A revenue bonds.

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