Arkansas Development preps $111.88 million Washington Regional bonds

By Sheri Kasprzak

New York, Dec. 10 – The Arkansas Development Finance Authority is expected to price $111.88 million of series 2015 hospital revenue bonds for the Washington Regional Medical Center, according to a preliminary official statement.

The deal includes $30,745,000 of series 2015A construction bonds, $57.69 million of series 2015B refunding bonds and $23,445,000 of series 2015C refunding bonds.

The 2015A bonds are due 2033, 2035 and 2039. The 2015B bonds are due 2016 to 2030 and the 2015C bonds are due in 2033 and 2035.

The bonds (Baa1) will be sold on a negotiated basis with Crews & Associates as the senior manager.

Proceeds will be used to finance the construction, equipment and acquisition of health care facilities for Washington Regional Medical Center as well as to refund the authority’s series 2005A-B revenue bonds.

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