Special Care Facilities Financing of Pell, Ala., to price $92.98 million bonds for Noland Health

By Sheri Kasprzak

New York, Nov. 29 - The Special Care Facilities Financing Authority of the City of Pell, Ala., plans to bring to market $92.98 million of series 2010A revenue bonds for Noland Health Services Inc., according to a preliminary official statement.

The bonds (/A-/) will be sold on a negotiated basis with RBC Capital Markets Corp. as the senior manager.

The bonds are due 2011 to 2020 with term bonds 2025, 2030 and 2039.

Proceeds will be used to finance capital improvements to Noland Health facilities, as well as to advance refund the authority's series 2007A bonds and refund its series 2009A bonds.

The authority provides funding to health care and other nonprofit organizations. Based in Hoover, Ala., Noland Health operates six long-term health facilities and six senior assisted-living communities.

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