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Published on 1/30/2009 in the Prospect News Municipals Daily.

Washington Healthcare Facilities Authority plans $100 million revenue bond offer

By Aaron Hochman-Zimmerman

New York, Jan. 30 - The Washington Healthcare Facilities Authority in the state of Washington announced an offering of $100 million of series 2008A and 2008B revenue bonds, according to a preliminary statement.

The bonds are split into two $50 million tranches, each of which has serial maturities from 2009 to 2014 and term bonds which mature in 2019, 2024, 2029 and 2039.

Merrill Lynch & Co. will act as underwriter for the negotiated issue.

Proceeds will be used to fund hospital expansion and maintenance.

Washington Healthcare is headquartered in Olympia, Wash.


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