Tarrant County, Texas, to sell $215.18 million bonds Thursday for Baylor Health

By Sheri Kasprzak

New York, Jan. 16 - The Tarrant County Cultural Education Facilities Finance Corp. in Texas plans to price $215.18 million in series 2009 health revenue refunding bonds for Baylor Health System on Thursday, according to a calendar of upcoming deals.

The bonds (Aa2/AA-/) will be sold through lead managers Merrill Lynch & Co. and Goldman, Sachs & Co. Estrada Hinojosa & Co., Rice Financial Products Inc. and Siebert Brandford Shank & Co. are the co-managers.

The bonds are due 2009 to 2019 with term bonds due 2024 and 2029.

Proceeds will be used to refund Baylor Health System's series 2001B and 2001C revenue bonds and to repay a loan advance from Bank of America and JPMorgan Chase Bank.

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