Colorado Health Facilities to sell $75 million Adventist Health bonds

By Sheri Kasprzak

New York, June 30 – The Colorado Health Facilities Authority is expected to price $75 million of series 2014E hospital revenue bonds for the Adventist Health System/Sunbelt Obligated Group, said a preliminary official statement.

The bonds (Aa2//AA-) will be sold on a negotiated basis via BofA Merrill Lynch and Ziegler Capital Inc.

The maturities have not been set.

Proceeds will be used to acquire, construct and equip health facilities for the obligated group, as well as to finance capital improvements.

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