Wisconsin HEFA and HEFA of Missouri to sell $281.23 million bonds for SSM Health Wednesday

By Sheri Kasprzak

New York, April 16 - The Wisconsin Health and Educational Facilities Authority and the Health and Educational Facilities Authority of the State of Missouri are planning to price $281.225 million in series 2010 health facilities revenue bonds for SSM Health Care of Missouri.

Wisconsin HEFA plans to price $124.71 million in series 2010A bonds, and the Health and Educational Facilities Authority of Missouri plans to bring $156.515 million in series 2010B bonds.

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

The proceeds will be used to finance and refinance capital projects and restructure existing debt.

The Wisconsin authority, based in Brookfield, Wis., and the Missouri authority, based in Chesterfield, Mo., provide financing to health care and educational facilities.

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

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