North Brevard County Hospital, Fla., to price $108.09 million revenue refunding bonds

By Cristal Cody

Springdale, Ark., June 25 - The North Brevard County Hospital District, which operates Parrish Medical Center in Titusville, Fla., expects to price $108.09 million revenue refunding bonds on July 16, a source with the issuer said Wednesday.

The series 2008 bonds (/A/A+) will price in a negotiated sale managed by Raymond James & Associates.

Proceeds will be used to finance the acquisition and construction of an outpatient health care center, a cardiac catheterization lab and other projects, to fund a reserve fund and to refund the outstanding series 2000 and 2005 auction-rate revenue bonds.

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