Oklahoma Development preps $190 million sale of St. John Health bonds

By Sheri Kasprzak

New York, May 3 - The Oklahoma Development Finance Authority is expected to come to market with $190 million of series 2012 revenue and refunding bonds for the St. John Health System, according to a preliminary official statement.

The bonds (A2/A/) will be sold on a negotiated basis with Goldman, Sachs & Co. and Citigroup Global Markets Inc. as the lead managers.

The maturity dates have not been determined.

Proceeds will be used to acquire the St. John Broken Arrow facility in Broken Arrow, Okla., and to construct, acquire and renovate St. John facilities in Tulsa, Okla.

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