Tyler Health Facilities Development, Texas, to sell $51.55 million of bonds for Mother Frances

By Sheri Kasprzak

New York, Oct. 5 - The Tyler Health Facilities Development Corp. of Texas is expected to sell $51.55 million of series 2011 hospital revenue bonds for the Mother Frances Hospital Regional Health Care Center, according to a preliminary official statement.

The bonds (Baa1/BBB) will be sold on a negotiated basis with Bank of America Merrill Lynch as the senior manager.

The bonds are due 2021 to 2023 with a term bond due in 2027.

Proceeds will be used to construct and equip the Louis and Peaches Owen Heart Hospital, remodel existing hospital facilities and refinance existing debt.

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