Washington Health Care plans $250.36 million sale of revenue bonds for Swedish Health Services

By Sheri Kasprzak

New York, Nov. 10 - The Washington Health Care Facilities Authority is expected to sell $250.36 million of series 2010 revenue bonds for Swedish Health Services Inc., according to a preliminary official statement.

The bonds (A2//A+) will be sold on a negotiated basis with Citigroup Global Markets Inc. as the senior manager and Bank of America Merrill Lynch and J.P. Morgan Securities LLC as the co-managers.

The maturities have not been set.

Proceeds will be used to construct, equip and acquire an acute care facility in Ballard, Wash., and ambulatory care facilities in Redmond, Wash., and Mill Creek, Wash.

The authority, based in Olympia, Wash., provides funding to health care providers.

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