Orlando Regional Healthcare System in Florida to reoffer $155.825 million revenue bonds

By Sheri Kasprzak

New York, April 28 - The Orlando Regional Healthcare System in Florida plans to reoffer later this week $155.825 million in series 2008A and 2008B hospital revenue bonds, a preliminary official statement said.

The bonds (A2/A/A) will be sold through the Orange County Health Facilities Authority on a negotiated basis.

Morgan Stanley is the lead manager. Goldman, Sachs & Co. and SunTrust Robinson Humphrey are the remarketing agents.

The bonds being reoffered include $49.025 million in series 2008A bonds and $106.8 million in series 2008B bonds. Both bonds were originally auction-rate bonds.

Proceeds were used to refund all of the authority's series 2002 hospital revenue bonds and to pay for capital improvements to hospital facilities.

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