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Published on 12/2/2009 in the Prospect News Municipals Daily.

Oregon Facilities Authority to sell $127.17 million refunding revenue bonds for Legacy Health

By Sheri Kasprzak

New York, Dec. 2 - The Oregon Facilities Authority plans to price $127.165 million in series 2010A refunding revenue bonds for Legacy Health System, according to a preliminary official statement.

The bonds (A2/A+/) will be sold on a negotiated basis with Citigroup Global Markets Inc. as the senior manager. The co-managers include J.P. Morgan Securities Inc., Merrill Lynch & Co. and Edward Jones & Co.

The maturities have not yet been set.

Proceeds will be used to refund Legacy Health's series 1999 and 2003 bonds.

Legacy Health System is based in Portland, Ore.


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