Tallahassee, Fla., preps $250 million Tallahassee Memorial bond sale

By Sheri Kasprzak

New York, Dec. 22 – The City of Tallahassee, Fla., is set to price $250 million of series 2016 health facilities revenue bonds for Tallahassee Memorial HealthCare Inc., according to a preliminary official statement.

The offering includes $150 million of series 2016A bonds and $100 million of series 2016B bonds.

The bonds (Baa1) will be sold through BofA Merrill Lynch.

The maturities have not been set.

Proceeds will be used to finance or refinance the construction, acquisition, improvement and renovation of a new hospital tower and a surgical center.

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