Washington Health coordinates $360 million offering of MultiCare bonds

By Sheri Kasprzak

New York, April 13 – The Washington Health Care Facilities Authority is set to price $360 million of series 2015 revenue bonds for MultiCare Health on Thursday, according to a preliminary official statement.

The deal includes $85 million of series 2015A bonds and $275 million of series 2015B bonds.

The bonds (Aa3/AA-/AA-) will be sold on a negotiated basis with J.P. Morgan Securities LLC as the lead manager and Barclays and Wells Fargo Securities LLC as the co-managers.

The maturities have not been set.

Proceeds will be used to construct, equip and renovate existing health care facilities, as well as to advance refund some of the health system’s existing debt.

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