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Christus Health of Texas, Louisiana to sell $328.29 million in bonds
By Sheri Kasprzak
New York, Oct. 30 - Christus Health in Texas and Louisiana is expected to price $328.285 million in revenue refunding bonds through the Tarrant County Cultural Education Facilities Finance Corp. in Texas and the Louisiana Public Facilities Authority.
The Tarrant County corporation plans to price $283.8 million in series 2008A revenue refunding bonds, and the Louisiana authority will price $44.485 million in series 2008B revenue refunding bonds.
Citigroup Global Markets is the senior manager for the negotiated deal. The co-managers are Goldman, Sachs & Co., J.P. Morgan Securities Inc. and Merrill Lynch & Co.
The maturities have not been set on the bonds at this time.
Proceeds will be used to refund existing Texas and Louisiana bonds issued for Christus Health, as well as to make a deposit to a debt service reserve fund.
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