By Sheri Kasprzak
New York, Dec. 10 - The Washington Health Care Facilities Authority sold $101.15 million in series 2010A health care revenue bonds for MultiCare Health System on Thursday, according to a pricing sheet.
The bonds (A1/A+/) were sold through J.P. Morgan Securities Inc. The co-managers were Merrill Lynch & Co. Inc. and Wells Fargo Securities Inc.
The bonds are due 2010 to 2022 with coupons from 3% to 5.25%. The 2010 and 2011, as well as the 2020 through 2022, bonds were not reoffered.
Proceeds will be used to refund existing debt issued for MultiCare Health, which is based in Tacoma, Wash.
| Issuer: | Washington Health Care Facilities Authority/MultiCare Health System
|
| Issue: | Series 2010A revenue bonds
|
| Amount: | $101.15 million
|
| Type: | Negotiated
|
| Underwriters: | J.P. Morgan Securities Inc. (lead); Merrill Lynch & Co. and Wells Fargo Securities Inc. (co-managers)
|
| Ratings: | Moody's: A1
|
| Standard & Poor's: A+
|
| Pricing date: | Dec. 10
|
|
|
| Maturity | Type | Coupon | Price
|
| 2010 | Serial | 3% | NRO
|
| 2011 | Serial | 3% | NRO
|
| 2012 | Serial | 3% | 101.762
|
| 2012 | Serial | 5% | 106.802
|
| 2013 | Serial | 5% | 108.075
|
| 2014 | Serial | 5% | 108.415
|
| 2015 | Serial | 5% | 107.789
|
| 2016 | Serial | 5% | 107.376
|
| 2017 | Serial | 4% | 99.607
|
| 2017 | Serial | 5% | 106.097
|
| 2018 | Serial | 5% | 105.062
|
| 2019 | Serial | 5.25% | 105.955
|
| 2020 | Serial | 5.25% | NRO
|
| 2021 | Serial | 5.25% | NRO
|
| 2022 | Serial | 5.25% | NRO
|
© 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.
