By Sheri Kasprzak
New York, Nov. 19 - The North Carolina Medical Care Commission sold $59,045,000 of series 2012C health care facilities revenue refunding bonds for the Wake Forest Baptist Obligated Group, according to a pricing sheet.
The bonds (Aa3/AA-/) are due Dec. 1, 2033, and bear interest at the Sifma index rate plus 74 basis points. The bonds are callable with a first par call date of June 1, 2017.
Goldman, Sachs & Co. and Morgan Stanley & Co. LLC were the senior managers.
Proceeds will be used to expand the obligated group's comprehensive cancer center, to construct the Clemmons Medical Plaza in Clemmons, N.C., expand the obligated group's pediatric emergency department, to construct the Davie Medical Plaza in Bermuda Run, N.C., and upgrade information systems.
| Issuer: | North Carolina Medical Care Commission/Wake Forest Baptist Obligated Group
|
| Issue: | Series 2012C health care facilities revenue refunding bonds
|
| Amount: | $59,045,000
|
| Maturity: | Dec. 1, 2033
|
| Coupon: | Sifma index rate plus 74 bps
|
| Price: | 100
|
| Type: | Negotiated
|
| Underwriters: | Goldman, Sachs & Co. and Morgan Stanley & Co. LLC (lead)
|
| Ratings: | Moody's: Aa3
|
| Standard & Poor's: AA-
|
| Pricing date: | Nov. 14
|
| Settlement date: | Nov. 15
|
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