Missouri Health organizes $255 million sale of BJC Health System bonds

By Sheri Kasprzak

New York, Aug. 13 - The Missouri Health and Educational Facilities Authority is set to price $255 million of series 2013C health facilities revenue bonds for the BJC Health System, according to a preliminary official statement.

The bonds (Aa2/AA/) will be sold on a negotiated basis with RBC Capital Markets LLC as the lead manager. The co-managers are BMO Capital Markets LLC, BNY Mellon Capital Markets LLC, Edward D. Jones & Co. LP, Mitsubishi UFJ Securities and US Bancorp Investments Corp.

The bonds are due 2017 to 2028 with term bonds due in 2033 and 2039.

Proceeds will be used to finance or reimburse the health system for costs related to the construction, acquisition, equipment and installation of improvements and additions to BJC Health System facilities.

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