Tangipahoa Parish Hospital District, La., plans $66.25 million bonds

By Sheri Kasprzak

New York, June 12 - The Tangipahoa Parish Hospital Service District No. 1 of Louisiana is set to price $66,245,000 of series 2013 hospital revenue bonds for the North Oaks Health System, according to a preliminary official statement.

The deal includes $55,445,000 of series 2013A refunding bonds and $10.8 million of series 2013B revenue bonds.

The bonds (/BBB/) will be sold on a negotiated basis with Raymond James/Morgan Keegan as the underwriter.

The 2013A bonds are due 2014 to 2028, and the 2013B bonds are due 2031 and 2034.

Proceeds will be used to finance hospital improvements for North Oaks, as well as to refund the district's series 2003A revenue bonds.

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