University of Pittsburgh Medical plans $125 million revenue bond sale

By Sheri Kasprzak

New York, Sept. 18 - The Pennsylvania Economic Development Financing Authority is set to price $125 million of series 2013A revenue bonds for the University of Pittsburgh Medical Center, according to a preliminary official statement.

The bonds (Aa3/A+/) will be sold on a negotiated basis with J.P. Morgan Securities LLC as the senior manager. The co-managers are RBC Capital Markets LLC, BofA Merrill Lynch, BNY Capital Markets LLC and The Huntington Investment Co.

The maturities have not been set.

Proceeds will be used to construct capital projects for the medical center.

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