California Health Facilities preps $117.34 million offering of bonds

By Sheri Kasprzak

New York, July 10 – The California Health Facilities Finance Authority is set to price $117.34 million of series 2014B revenue bonds for Providence Health and Services, according to a preliminary official statement.

The bonds (/AA-/) will be sold on a negotiated basis with BofA Merrill Lynch as the sole underwriter.

The maturities have not been set.

Proceeds will be used to finance capital improvements and facility upgrades for Providence Health and Services properties.

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