By Sheri Kasprzak
New York, Sept. 2 - The Tarrant County Cultural Education Facilities Financing Corp. of Texas sold $77.655 million in series 2009 revenue bonds for Hendrick Medical Center, according to a pricing sheet.
The bonds (Aa2/AAA/) were sold through lead manager Morgan Keegan & Co. Inc.
The sale included $33.5 million in series 2009A bonds and $44.155 million in series 2009B bonds.
The 2009A bonds are due 2010 to 2025 with coupons from 3.75% to 5.125%. The 2009B bonds are due 2011 to 2022 with coupons from 3% to 5.375%. A term bond due 2030 has a 5.375% coupon, priced at 99.686.
Proceeds will be used to fund improvements to the Hendrick Medical Center.
| Issuer: | Tarrant County Cultural Education Facilities Financing Corp./Hendrick Medical Center
|
| Issue: | Serial 2009 revenue bonds
|
| Amount: | $77.655 million
|
| Type: | Negotiated
|
| Underwriter: | Morgan Keegan & Co. Inc.
|
| Ratings: | Moody's: Aa2
|
| Standard & Poor's: AAA
|
| Pricing date: | Sept. 2
|
| Settlement date:
|
|
|
| Series 2009A bonds
|
| Maturity | Type | Coupon | Price
|
| 2010 | Serial | 4% | 102.093
|
| 2011 | Serial | 4% | 103.348
|
| 2012 | Serial | 5% | 106.402
|
| 2013 | Serial | 5% | 106.982
|
| 2014 | Serial | 3.75% | 101.082
|
| 2015 | Serial | 4% | 101.056
|
| 2016 | Serial | 4% | 99.638
|
| 2017 | Serial | 4.25% | 99.598
|
| 2018 | Serial | 4.375% | 99.012
|
| 2019 | Serial | 4.5% | 98.578
|
| 2020 | Serial | 4.625% | 98.270
|
| 2021 | Serial | 4.75% | 98.121
|
| 2022 | Serial | 5% | 99.339
|
| 2023 | Serial | 5% | 98.713
|
| 2024 | Serial | 5% | 97.936
|
| 2025 | Serial | 5.125% | 98.446
|
|
|
| Series 2009B bonds
|
| Maturity | Type | Coupon | Price
|
| 2011 | Serial | 3% | 101.446
|
| 2012 | Serial | 3% | 100.761
|
| 2013 | Serial | 3.25% | 100.516
|
| 2014 | Serial | 3.75% | 101.082
|
| 2015 | Serial | 4% | 101.056
|
| 2016 | Serial | 4% | 99.638
|
| 2017 | Serial | 4.25% | 99.598
|
| 2018 | Serial | 4.375% | 99.012
|
| 2019 | Serial | 4.5% | 98.578
|
| 2020 | Serial | 4.75% | 99.323
|
| 2021 | Serial | 4.75% | 98.121
|
| 2022 | Serial | 5% | 99.339
|
| 2023 | Serial | 5% | 98.713
|
| 2024 | Serial | 5% | 97.936
|
| 2025 | Serial | 5.125% | 98.446
|
| 2026 | Serial | 5.25% | 99.664
|
| 2027 | Serial | 5.25% | 99.537
|
| 2028 | Serial | 5.25% | 99.404
|
| 2030 | Term | 5.375% | 99.686
|
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