Torrance, Calif., to price $135 million revenue bonds for Torrance Memorial Medical Center

By Sheri Kasprzak

New York, Aug. 26 - The City of Torrance in California is expected to price $135 million in series 2010A revenue bonds for the Torrance Memorial Medical Center, according to a preliminary official statement.

The bonds (A2/A+/) will be sold on a negotiated basis with Citigroup Global Markets Inc. and J.P. Morgan Securities Inc. as the senior managers.

The maturities have not been set.

Proceeds will be used to finance and reimburse the medical center for expenditures on its health care facilities.

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