California authority to sell $117.47 million of Sutter Health bonds

By Sheri Kasprzak

New York, June 18 - The California Statewide Communities Development Authority plans to price $117,465,000 of series 2012A revenue bonds for Sutter Health, according to a preliminary official statement. Pricing is expected during the week of June 18.

The bonds (Aa3/AA-/AA-) will be sold on a negotiated basis with Morgan Stanley & Co. LLC and Bank of America Merrill Lynch as the senior managers. The co-manager is Sutter Securities Inc.

The maturity dates have not been set.

Proceeds will be used to refund the health care system's series 2002B revenue bonds.

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