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Washington Health preps $190.35 million sale of Providence Health debt
By Sheri Kasprzak
New York, Oct. 16 – The Washington Health Care Facilities Authority plans to price $190.35 million of series 2014D revenue bonds for Providence Health and Services, according to a preliminary official statement.
The bonds (Aa3/AA-/AA) will be sold through senior managers BofA Merrill Lynch and Goldman, Sachs & Co.
The maturities have not been set.
Proceeds will be used to refinance existing debt and repay debt issued to redeem the health care provider’s series 2006B revenue bonds.
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