Tarrant County to price $173.87 million hospital revenue bonds for Scott & White, foundation

By Cristal Cody

Springdale, Ark., Aug. 1 - The Tarrant County Cultural Education Facilities Finance Corp. plans to price $173.865 million revenue bonds for Scott and White Memorial Hospital and the Scott, Sherwood and Brindley Foundation, according to a preliminary official statement.

Additional information will not be available until Monday, a source said.

The series 2008A bonds (Aa3/AA-/) have serial maturities from 2009 through 2020 and terms due in 2025 and 2031.

J.P. Morgan Securities Inc. will manage the negotiated sale. Co-managers are Citigroup Global Markets and Goldman, Sachs & Co.

Proceeds will be used to refund the outstanding series 2000B1, 2000B2, 2001-1 and 2001-2 revenue bonds.

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