Illinois Finance to sell $150 million bonds for OSF Healthcare March 18

By Cristal Cody

Tupelo, Miss., March 10 - The Illinois Finance Authority tentatively plans to price $150 million in revenue bonds for OSF Healthcare System on March 18, a sellside source told Prospect News on Tuesday.

The series 2009A bonds (A2/A/A) will price through a negotiated sale led by senior manager Merrill Lynch & Co.

Cabrera Capital Markets, LLC is the co-manager of the sale.

The proceeds will be used to refinance and redeem the series 2005A and 2005B revenue refunding bonds and the series 2007B, 2007C and 2007D auction-rate revenue bonds.

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