Texas's Tarrant County to Sell $186.9M of Bonds for Methodist Health System

Dow Jones
01/27

By Zaeem Shoaib

 

Texas' Tarrant County Cultural Education Facilities Finance Corp. plans to sell $186.9 million of bonds, with the proceeds going to Methodist Health System, which will use the money to finance and reimburse costs for two projects.

The issuance consists of Series 2026 Hospital Revenue Bonds, due Oct. 1 from 2026 through 2045, according to documents posted Friday on MuniOS. The bonds are expected to price on Feb. 4, with closing scheduled for Feb. 18.

Interest on the bonds will be payable semiannually on each April 1 and Oct. 1.

The bonds are payable solely from revenue derived by the corporation under a loan agreement with Methodist Health.

Proceeds from the issuance will be used to reimburse Methodist Health for the cost of two projects, including the construction of a new hospital in Celina, Texas, named Methodist Celina, and the improvements made at Methodist Richardson.

Dallas-based Methodist Health is a faith-based organization and operates 13 hospitals through ownership and affiliation along with more than 75 primary care and specialty clinics. It had operating revenue of $2.78 billion for the year-ended Sept. 30.

The Tarrant County Cultural Education Facilities Finance Corp. provides, expands and improves health facilities for bettering the adequacy, cost and accessibility of healthcare, research and education in the state.

Moody's has assigned a rating of Aa3 and S&P Global Ratings has assigned a rating of AA- to the bonds.

Hilltop Securities is lead manager on the issuance.

 

Write to Zaeem Shoaib at zaeem.shoaib@wsj.com

 

(END) Dow Jones Newswires

January 26, 2026 14:08 ET (19:08 GMT)

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