Oregon Facilities to sell $108.4 million of bonds for Legacy Health

By Sheri Kasprzak

New York, March 25 - The Oregon Facilities Authority is set to bring $108.4 million of series 2011A refunding revenue bonds for Legacy Health System, said 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 are Merrill Lynch and Wells Fargo Securities LLC.

The maturities have not been set.

Proceeds will be used to refund Legacy Health's series 2001 bonds.

Based in Portland, Ore., the health system operates inpatient, outpatient and specialty health care facilities. The authority, headquartered in Salem, Ore., provides low-cost funding for charities and nonprofit organizations.

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