Methodist Hospitals of Dallas to bring $187.37 million bond offering

By Sheri Kasprzak

New York, June 26 - The Tarrant County Cultural Education Facilities Finance Corp. of Texas plans to price $187,365,000 of series 2013 hospital revenue bonds for the Methodist Hospitals of Dallas, according to a preliminary official statement.

The bonds (Aa3/AA-/) will be sold on a negotiated basis with BofA Merrill Lynch as the senior manager and J.P. Morgan Securities LLC, Wells Fargo Securities LLC, Estrada Hinojosa & Co. Inc., BOSC Inc. and Siebert Brandford Shank & Co. LLC.

The maturities have not been set.

Proceeds will be used to construct a new six-floor trauma/critical care tower at the Methodist Dallas, as well as new operating rooms and other hospital facilities.

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