Floyd County Hospital Authority, Ga., prepares $53.15 million sale of revenue anticipation certificates

By Sheri Kasprzak

New York, June 12 - The Floyd County Hospital Authority of Georgia is expected to price $53.15 million of series 2012 revenue anticipation certification for the Floyd Medical Center, said a preliminary official statement.

The bonds (Aa2) will be sold through senior managers Wells Fargo Securities LLC and Barclays Capital Inc.

The bonds will be sold on two tranches, but the exact breakdown was unavailable Tuesday.

The 2012A bonds are due 2013 to 2027 with term bonds due in 2032 and 2042. The 2012B bonds are due 2013 to 2027 with a term bond due in 2032.

Proceeds will be used to finance or refinance the construction, acquisition, renovation and equipment of existing Floyd Medical Center facilities, as well as to refund the medical center's series 2002 certificates.

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