Published on 9/12/2013 in the Prospect News Municipals Daily.
New Issue: Oregon Facilities brings $161.68 million Providence Health revenue debt
By Sheri Kasprzak
New York, Sept. 12 - The Oregon Facilities Authority sold $161,675,000 of series 2013C revenue bonds for Providence Health & Services, according to a pricing sheet.
The bonds (Aa2/AA/AA) were sold through BofA Merrill Lynch.
The bonds are due Oct. 1, 2017, Oct. 1, 2020 and Oct. 1, 2022. All the bonds bear interest initially at the floating rate mode.
Proceeds will be used to refund the authority's series 2003D-G revenue bonds and its series 2004 revenue bonds issued for Providence Health.
| Issuer: | Oregon Facilities Authority/Providence Health & Services
|
| Issue: | Series 2013C revenue bonds
|
| Amount: | $161,675,000
|
| Type: | Negotiated
|
| Underwriter: | BofA Merrill Lynch (lead)
|
| Ratings: | Moody's: Aa2
|
| Standard & Poor's: AA
|
| Fitch: AA
|
| Pricing date: | Sept. 12
|
| Settlement date: | Sept. 18
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $45 million | Oct. 1, 2017 | Term | Floating | 100
|
| $60 million | Oct. 1, 2020 | Term | Floating | 100
|
| $56,675,000 | Oct. 1, 2022 | Term | Floating | 100
|
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