Seattle Children's Hospital to price $73.81 million of revenue bonds

By Sheri Kasprzak

New York, May 16 - The Washington Health Care Facilities Authority plans to price $73,805,000 of series 2012 revenue bonds for the Seattle Children's Hospital, according to a preliminary official statement.

The deal includes $46.25 million of series 2012A bonds and $27,555,000 of series 2012B refunding bonds.

The bonds (Aa3) will be sold on a negotiated basis with Goldman, Sachs & Co. as the senior manager. The co-managers are J.P. Morgan Securities LLC and Wells Fargo Securities LLC.

The 2012A bonds are due Oct. 1, 2042, and the 2012B bonds are due 2013 to 2032 with a term bond due Oct. 1, 2034.

Proceeds will be used to acquire, construct, equip and renovate Seattle Children's Hospital facilities and refund the authority's series 2009 revenue bonds sold for the hospital.

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