Hospital Sisters, Ill., plans $99.07 million revenue, refunding bonds

By Sheri Kasprzak

New York, Sept. 4 - The Hospital Sisters Services Inc. plans to price $99,065,000 of series 2012 revenue and refunding bonds, according to a preliminary official statement.

The offering includes $63 million of series 2012B Wisconsin Health and Educational Facilities Authority revenue refunding bonds and $36,065,000 of series 2012C Illinois Finance Authority revenue bonds.

The bonds (/AA-/AA-) will be sold through senior manager Bank of America Merrill Lynch and co-managers BMO Capital Markets LLC and J.P. Morgan Securities LLC.

The maturities have not been set.

Proceeds will be used to construct, equip, acquire and renovate health care facilities in Illinois, as well as to refund existing bonds issued by the Wisconsin authority.

Hospital Sisters is a healthcare system based in Springfield, Ill., with facilities in Illinois and Wisconsin.

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