Orange Regional Medical Center, N.Y., moves sale of $264.28 million revenue bonds to Wednesday

By Cristal Cody

Springdale, Ark., April 21 - Orange Regional Medical Center in New York expects to price $264.28 million of revenue bonds on Wednesday, a source told Prospect News.

The series 2008 bonds had been expected to price on Monday.

The bonds will be sold through the Dormitory Authority of the State of New York.

The bonds have maturities from 2011 to 2015 and term bonds due 2021, 2029 and 2037.

Merrill Lynch & Co. is the senior manager, and co-managers are J.P. Morgan Securities Inc. and Morgan Stanley.

Proceeds will be used to construct a 374-bed replacement hospital in the Town of Wallkill, N.Y.

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