Washington Health Care to sell $175 million bonds for Swedish Health

By Sheri Kasprzak

New York, Feb. 11 - The Washington Health Care Facilities Authority plans to sell $175 million of series 2011A revenue bonds for Swedish Health Services, 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, acquire and remodel Swedish Health's inpatient, outpatient and administrative facilities, as well as to refund existing debt.

Based in Olympia, Wash., the authority provides financing for health care facilities. Swedish Health is based in Seattle.

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