Tarrant County Cultural, Texas, plans $61.47 million of hospital bonds

By Sheri Kasprzak

New York, Oct. 31 - The Tarrant County Cultural Education Facilities Finance Corp. of Texas plans to price $61.47 million of series 2013 hospital revenue bonds for Hendrick Medical Center, said a preliminary official statement.

The bonds (A2/A-/) will be sold on a negotiated basis with Cain Brothers and BofA Merrill Lynch as the senior managers.

The maturities have not been set.

Proceeds will be used to finance or reimburse the corporation for the construction, equipment and installation of Hendrick Medical facilities, as well as to refund the corporation's series 2009C variable-rate revenue bonds.

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