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Charlotte-Mecklenburg Hospital, N.C., to sell $160.45 million bonds
By Sheri Kasprzak
New York, April 25 - The Charlotte-Mecklenburg Hospital Authority of North Carolina plans to price $160,445,000 of series 2012A health care revenue and refunding bonds for Carolinas Health Care System, according to a preliminary official statement.
The bonds (Aa3AA-) will be sold on a negotiated basis with Bank of America Merrill Lynch and J.P. Morgan Securities LLC as the senior managers. The co-manager is Wells Fargo Securities LLC.
The bonds are due 2014 to 2027 with term bonds due in 2032 and 2043.
Proceeds will be used to repay tax-exempt bonds issued by the North Carolina Medical Care Commission, to finance additions and improvements to the health care system's hospitals and to refund the authority's series 2001A bonds.
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