Colorado Health plans $258.27 million Adventist Health bond offering

By Sheri Kasprzak

New York, June 21 – The Colorado Health Facilities Authority is set to price $258,265,000 of series 2016 hospital revenue bonds for Adventist Health System/Sunbelt Obligated Group, according to a preliminary official statement.

The bonds (Aa2/AA/AA) will be sold on a negotiated basis with BofA Merrill Lynch and Wells Fargo Securities LLC as the senior managers. The co-manager is Ziegler Inc.

The deal includes $200 million of series 2016A bonds and $58,265,000 of series 2016B bonds.

The maturities have not been set.

Proceeds will be used to finance capital improvements, construction projects and renovations for obligated group facilities, as well as to refund the health system’s series 2009D bonds.

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