Washington Health Care Facilities to sell $100 million revenue bonds

By Aaron Hochman-Zimmerman

New York, April 24 - The Washington Health Care Facilities Authority plans to issue $100 million in series 2009A and 2009B revenue bonds in two equal tranches, according to executive director Donna Fincke.

The bonds are expected on Thursday and will be subject to weekly rates as well as mandatory sinking fund redemptions in 2040 to 2044.

Merrill Lynch, Pierce, Fenner & Smith Inc. will act as underwriter for the series 2009A bonds, while J.P. Morgan Securities Inc. and Wells Fargo Brokerage Services LLC will act as underwriters for the series 2009B bonds. Kaufman, Hall & Associates will act as financial adviser to the negotiated deal.

Proceeds will be used to acquire and maintain hospital facilities.

The Washington Health Care Facilities Authority is located in Olympia, Wash.

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