Children's Medical Center of Dallas set to sell $200 million in bonds

By Sheri Kasprzak

New York, June 10 - The North Central Texas Health Facilities Development Corp. plans to sell $200 million in series 2009 hospital revenue bonds for the Children's Medical Center of Dallas, according to a preliminary official statement. Pricing is expected in June.

The bonds (Aa3//AA) will be sold on a negotiated basis with Goldman, Sachs & Co. and J.P. Morgan Securities Inc. as the senior managers. The co-managers are Estrada Hinojosa & Co. Inc. and Siebert Brandford Shank & Co. LLC.

The bonds are due 2017 to 2039 with term bonds. The maturities for the term bonds have not yet been set.

Proceeds will be used to reimburse the medical center for capital expenditures.

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