Arkansas Development eyes $300 million Baptist Memorial bond offering

By Sheri Kasprzak

New York, March 2 – The Arkansas Development Finance Authority is set to price $300 million of series 2015 health care revenue bonds for Baptist Memorial Health Care Corp., according to a preliminary official statement.

The deal includes $150 million of series 2015B1 term rate bonds, $100 million of series 2015B2 index rate mode bonds and $50 million of series 2015B3 floaters.

The bonds will be sold on a negotiated basis with BofA Merrill Lynch.

The maturities have not been set.

Proceeds will be used to finance the construction of a new hospital in Jonesboro, Ark., as well as to refund commercial paper notes.

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