New Issue: Jupiter Medical Center, Fla., brings $50.68 million of revenue bonds

By Sheri Kasprzak

New York, April 24 - The Palm Beach County Health Facilities Authority of Florida sold $50.68 million of series 2013A hospital revenue bonds for the Jupiter Medical Center, according to a pricing sheet.

The bonds (Baa2//BBB+) were sold through RBC Capital Markets LLC.

The bonds are due 2013 to 2023 with term bonds due in 2028, 2033 and 2043. The serial coupons range from 2% to 5%. The 2028 bonds have a 4.125% coupon priced at 98.591 and the 2033 bonds have a 5% coupon priced at 106.607. The 2043 bonds have a 5% coupon priced at 104.847.

Proceeds will be used to construct, equip, acquire, renovate and furnish the DeGeorge Pavilion project at the medical center, which includes the addition of 44 new acute care beds in a new three-story patient tower.

Issuer:	Palm Beach County Health Facilities Authority/Jupiter Medical Center
Issue:	Series 2013A hospital revenue bonds
Amount:	$50.68 million
Type:	Negotiated
Underwriter:	RBC Capital Markets LLC (lead)
Ratings:	Moody's: Baa2
	Fitch: BBB+
Pricing date:	April 24
Settlement date:	May 7
Amount	Maturity	Type	Coupon	Price
$1,965,000	2013	Serial	2%	100.606
$2.5 million	2014	Serial	4%	104.315
$2,605,000	2015	Serial	4%	106.349
$2.7 million	2016	Serial	4%	107.958
$2,815,000	2017	Serial	4%	108.984
$2,925,000	2018	Serial	4%	109.357
$3.04 million	2019	Serial	5%	114.941
$1.5 million	2020	Serial	5%	115.27
$1,875,000	2021	Serial	5%	115.204
$1,965,000	2022	Serial	5%	114.534
$2,065,000	2023	Serial	5%	112.876
$2.66 million	2028	Term	4.125%	98.591
$5.02 million	2033	Term	5%	106.607
$17,045,000	2043	Term	5%	104.847

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