Illinois Finance arranges $50 million sale of Elmhurst Memorial bonds

By Sheri Kasprzak

New York, Oct. 17 - The Illinois Finance Authority is set to price $50 million of series 2013B taxable variable-rate revenue refunding bonds for Elmhurst Memorial Healthcare, according to a preliminary official statement.

The bonds (Baa2//BBB) will be sold on a negotiated basis with BofA Merrill Lynch as the senior manager.

The bonds are due Jan. 1, 2023.

Proceeds will be used to refund existing revenue bonds.

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