Avera Health, S.D., arranges $75.48 million offering of revenue bonds

By Sheri Kasprzak

New York, April 2 - The South Dakota Health and Educational Facilities Authority plans to price $75.48 million of series 2012A revenue bonds for Avera Health, according to a preliminary official statement.

The bonds (A1/A+/) will be sold on a negotiated basis with Dougherty & Co. LLC and Bank of America Merrill Lynch.

The bonds are due 2013 to 2027 with a term bond due in 2042.

Proceeds will be used to refund the authority's series 2002, 2008A and 2008C revenue bonds issued for Avera.

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