SSM Health Care, Mo., offers $281.23 million health facilities revenue bonds

By Sheri Kasprzak

New York, April 14 - SSM Health Care of Missouri is expected to bring to market $281.225 million in series 2010 health facilities revenue bonds, according to a preliminary official statement.

The offering includes $124.71 million in series 2010A bonds sold through the Wisconsin Health and Educational Facilities Authority and $156.515 million in series 2010B bonds sold via the Health and Educational Facilities Authority of the State of Missouri.

The bonds (/AA-/AA-) will be sold on a negotiated basis with Citigroup Global Markets Inc. and Goldman, Sachs & Co. as the senior managers. The co-managers include Bank of America Merrill Lynch, Edward Jones & Co. and J.P. Morgan Securities Inc.

The maturities have not been set.

Proceeds will be used to finance and refinance capital projects, as well as to restructure existing debt.

Based in St. Louis, SSM Health Care operates and maintains hospitals in Missouri, Oklahoma, Illinois and Wisconsin.

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