Illinois Finance organizes $282.86 million sale of Silver Cross bonds

By Sheri Kasprzak

New York, March 13 – The Illinois Finance Authority is slated to price $282,855,000 of series 2015C revenue refunding bonds for Silver Cross Hospital and Medical Centers during the week of March 16, according to a preliminary official statement.

The bonds (Baa1//BBB+) will be sold on a negotiated basis with Goldman Sachs & Co. and Loop Capital Markets LLC as the lead managers.

The bonds are due 2015 to 2030.

Proceeds will be used to advance refund the authority’s series 2009 revenue bonds issued for the health care system.

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