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Ascension Health, Mo., to price $1.92 billion revenue, taxable bonds
By Sheri Kasprzak
New York, April 15 – Ascension Health Alliance of Missouri is on tap to price $1,923,465,000 of series 2016 revenue bonds and taxable bonds, said preliminary official statements.
The offering includes $250 million of series 2016A taxable bonds, $1,097,975,000 of series 2016A-C revenue bonds and $575.49 million of series 2016D-E revenue bonds (Aa2/AA+/AA+).
All of the bonds will be sold through senior manager Morgan Stanley & Co. LLC with BofA Merrill Lynch and J.P. Morgan Securities LLC as the co-managers.
The A-C bonds are comprised of $928,205,000 of series 2016A bonds through the Wisconsin Health and Educational Facilities Authority, $78.12 million of series 2016B bonds through the Alabama Special Care Facilities Financing Authority of Birmingham and $91.65 million of series 2016C bonds through the Alabama Special Care Facilities Financing Authority of Mobile.
The D-E bonds include $392.46 million of series 2016D bonds through Wisconsin Health and $183.03 million of series 2016E bonds through the Michigan Finance Authority.
The maturities have not been set.
Proceeds will be used to finance capital improvements to Ascension facilities.
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