By Sheri Kasprzak
New York, Nov. 17 - The Wisconsin Health and Educational Facilities Authority sold $380 million of series 2010B revenue bonds for Aurora Health Care Inc., said a pricing sheet.
The bonds (A3//A) were sold through Bank of America Merrill Lynch and BMO Capital Markets, with J.P. Morgan Securities LLC as the co-manager.
The bonds are due 2011 to 2020 with 4% to 5% coupons.
Proceeds will be used to finance or reimburse Aurora for the construction, equipment and renovation of health care facilities, as well as refund Aurora's series 1996, 1997 and 1999A-B bonds.
Based in Brookfield, Wis., the authority provides funding to educational and health care organizations throughout the state. Aurora, based in Milwaukee, operates 15 hospitals and health care centers in Wisconsin and Illinois.
| Issuer: | Wisconsin Health and Educational Facilities Authority/Aurora Health Care Inc.
|
| Issue: | Series 2010B revenue bonds
|
| Amount: | $380 million
|
| Type: | Negotiated
|
| Underwriters: | Bank of America Merrill Lynch and BMO Capital Markets (lead); J.P. Morgan Securities LLC (co-manager)
|
| Ratings: | Moody's: A3
|
| Fitch: A
|
| Pricing date: | Nov. 17
|
| Settlement date: | Dec. 9
|
|
|
| Maturity | Type | Coupon | Price
|
| 2011 | Serial | 4% | 101.275
|
| 2012 | Serial | 4% | 102.526
|
| 2013 | Serial | 5% | 105.425
|
| 2014 | Serial | 5% | 105.653
|
| 2015 | Serial | 5% | 105.492
|
| 2016 | Serial | 5% | 104.968
|
| 2017 | Serial | 5% | 103.748
|
| 2018 | Serial | 5% | 102.15
|
| 2019 | Serial | 5% | 100.411
|
| 2020 | Serial | 5% | 98.646
|
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