Published on 8/23/2012 in the Prospect News Municipals Daily.
New Issue: Washington Health Care brings $60 million Kadlec Regional Medical bonds
By Sheri Kasprzak
New York, Aug. 23 - The Washington Health Care Facilities Authority priced $60 million of series 2012 revenue bonds for Kadlec Regional Medical Center, according to a pricing sheet.
The bonds (Baa3) were sold through Piper Jaffray & Co.
The bonds are due 2015 to 2022 with term bonds due in 2027, 2032 and 2042. The serial coupons range from 3% to 4%. The 2027 bonds have a 5% coupon priced at 104.05 and the 2032 bonds have a 5% coupon priced at 102.222. The 2042 bonds have a 5% coupon priced at par.
Proceeds will be used to finance or reimburse the medical center for costs to acquire, construct, remodel, renovate and equip health care facilities.
| Issuer: | Washington Health Care Facilities Authority/Kadlec Regional Medical Center
|
| Issue: | Series 2012 revenue bonds
|
| Amount: | $60 million
|
| Type: | Negotiated
|
| Underwriter: | Piper Jaffray & Co.
|
| Rating: | Moody's: Baa3
|
| Pricing date: | Aug. 23
|
| Settlement date: | Aug. 30
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $195,000 | 2015 | Serial | 4% | 106.265
|
| $205,000 | 2016 | Serial | 4% | 107.098
|
| $210,000 | 2017 | Serial | 4% | 107.083
|
| $485,000 | 2018 | Serial | 3% | 99.376
|
| $500,000 | 2019 | Serial | 4% | 103.823
|
| $520,000 | 2020 | Serial | 3.5% | 98.514
|
| $540,000 | 2021 | Serial | 3.75% | 98.686
|
| $560,000 | 2022 | Serial | 4% | 99.578
|
| $2,775,000 | 2027 | Term | 5% | 104.05
|
| $6,525,000 | 2032 | Term | 5% | 102.222
|
| $47,485,000 | 2042 | Term | 5% | 100
|
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