By Sheri Kasprzak
New York, May 15 - The California Health Facilities Financing Authority priced $147.875 million in series 2009 revenue bonds for Adventist Health Care, said a sellside source familiar with the deal.
The sale included $90 million in series 2009A revenue bonds sold through Goldman, Sachs & Co. and $57.875 million in series 2009C revenue bonds sold through J.P. Morgan Securities Inc.
The 2009A bonds are due Sept. 1, 2039 with a 5.75% coupon, priced at par.
The 2009C bonds are due 2010 to 2021 with 4.625% to 5.25% coupons and yields from 2.43% to 5.42%.
Proceeds will be used for hospital projects for Adventist Health Care.
| Issuer: | California Health Facilities Financing Authority/Adventist Health Care
|
| Issue: | Series 2009 revenue bonds
|
| Amount: | $147.875 million
|
| Type: | Negotiated
|
| Underwriters: | Goldman, Sachs & Co. (lead for 2009A); J.P. Morgan Securities Inc. (lead for 2009C)
|
| Pricing date: | May 15
|
| Settlement date: | May 20
|
|
|
| Series 2009A
|
| Maturity | Type | Coupon | Yield
|
| 2039 | Term | 5.75% | 5.75%
|
|
|
| Series 2009C
|
| Maturity | Type | Coupon | Yield
|
| 2010 | Serial | 5% | 2.43%
|
| 2011 | Serial | 5% | 3.10%2012 | Serial | 5% | 3.40%
|
| 2013 | Serial | 5% | 3.63%
|
| 2014 | Serial | 5% | 4.00%
|
| 2015 | Serial | 5% | 4.32%
|
| 2016 | Serial | 5% | 4.52%
|
| 2017 | Serial | 4.625% | 4.72%2018 | Serial | 5% | 4.92%
|
| 2019 | Serial | 5% | 5.11%
|
| 2020 | Serial | 5.125% | 5.27%
|
| 2021 | Serial | 5.25% | 5.42%
|
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