Oklahoma Development Finance to price $222.67 million Integris health bonds

By Cristal Cody

Springdale, Ark., July 7 - The Oklahoma Development Finance Authority plans to price $222.67 million health system revenue and refunding bonds for Integris Health later this month, a source said Monday.

The $105.97 million series 2008B and $116.7 million series 2008C bonds will price for Integris Baptist Medical Center, Integris South Oklahoma City Hospital and Integris Rural Health.

The bonds have maturities from 2009 through 2014.

Goldman, Sachs & Co. is the senior manager of the negotiated sale. J.P. Morgan Securities Inc. is a co-manager.

Proceeds will be used to finance or refinance acquisitions and capital improvements and refund $32.7 million of the $37.165 million outstanding from the series 1995D revenue refunding bonds and $117.3 million of the $118 million outstanding from the series 1999B variable-rate revenue refunding bonds.

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