Royal Oak Hospital Finance Authority, Mich., to price $273.02 million revenue and refunding bond

By Sheri Kasprzak

New York, Nov. 12 - The Royal Oak Hospital Finance Authority of Michigan is set to sell $273.015 million in series 2009W hospital revenue and refunding bonds for William Beaumont Hospital Obligated Group, according to a preliminary official statement.

The bonds will be sold through Morgan Stanley & Co. and Merrill Lynch & Co.

The maturities have not been set.

Proceeds will be used to fund capital additions to the obligated group's hospitals in Beaumont, Grosse Pointe and Troy.

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