Kentucky Economic Development plans $93.15 million revenue bond sale

By Sheri Kasprzak

New York, July 24 – The Kentucky Economic Development Authority is expected to price $93.15 million of series 2015 hospital revenue bonds for Owensboro Health Inc., said a preliminary official statement. Pricing is set for Wednesday.

The deal includes $68,085,000 of series 2015A bonds and $25,065,000 of series 2015B refunding bonds.

The bonds (Baa3//BBB+) will be sold through BofA Merrill Lynch.

The maturities have not been set.

Proceeds will be used to finance a loan to Owensboro Health to construct, equip, install and improve health-care facilities and to refund a portion of the health-care system’s series 2010B revenue bonds.

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