Presbyterian Intercommunity Hospital, Calif., to sell $58 million bonds

By Sheri Kasprzak

New York, April 29 - The city of Whittier in California plans to price $58 million in series 2009D health facility revenue bonds, according to a preliminary official statement. The bonds will be sold for Presbyterian Intercommunity Hospital.

The bonds (/A+/) will be sold through lead managers Citigroup Global Markets Inc. and Merrill Lynch & Co. Inc.

The bonds are due 2010 to 2017.

Proceeds will be used to repair the hospital's central plant facility. The rest will be used to refund the hospital's outstanding series 2007 bonds.

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