Cook Children's Medical Center, Texas, to sell $175 million of bonds

By Sheri Kasprzak

New York, Jan. 30 - The Tarrant County Cultural Education Facilities Finance Corp. of Texas plans to price $175 million of series 2014 hospital revenue bonds for the Cook Children's Medical Center, according to a preliminary official statement.

The bonds (Aa2/AA/) will be sold on a negotiated basis with J.P. Morgan Securities LLC and Goldman, Sachs & Co. as the senior managers. The co-manager is Raymond James/Morgan Keegan.

The bonds are due 2014 to 2034 with term bonds due in 2039 and 2044.

Proceeds will be used to finance the construction of a south tower to include a new emergency room, surgical suites, patient rooms, and other facilities.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.