Jackson Hospital & Clinic, Ala., readies $88.34 million bond offering

By Sheri Kasprzak

New York, Dec. 15 – The Montgomery Medical Clinic Board of Alabama is on tap to price $88.34 million of series 2015 health care facilities revenue bonds for the Jackson Hospital and Clinic, according to a preliminary official statement.

The bonds (Baa2/BBB/) will be sold through Frazier Lanier Co. Inc. and BofA Merrill Lynch.

The maturities have not been set.

Proceeds will be used to finance capital expenditures for the health care facilities, as well as to refund the board’s series 2006 revenue bonds.

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