By Zaeem Shoaib
Hamilton County, Ohio and UC Health will sell a combined $239 million in municipal bonds in two separate transactions to pay for capital projects.
The county will sell about $136 million of its Hospital Facilities Revenue Bonds Series 2025 A. UC Health, which operates a system of health care organizations serving the Metropolitan Cincinnati area, will issue $103.6 million of Taxable Bonds, Series 2025 B.
Money from both sales will be used to reimburse and pay certain costs of the construction, improvement, equipping or installation projects for UC Health, according to documents posted Friday on MuniOS.
Pricing is scheduled for the week of March 17 and delivery of the securities is expected on April 1.
The Hospital Facilities Revenue Bonds are due on Aug. 1 from 2030 through 2051. For the taxable bonds, $51.8 million of are due in August 2035, and $51.8 million in August 2040.
UC Health operates a system of health care organizations serving the Metropolitan Cincinnati area.
Proceeds will be used to pay for building automation and control system upgrades, catheterization laboratories and outpatient procedure facilities that are being relocated within the UCMC campus, renovations of an inpatient pharmacy and cleaning room, and improvements and infrastructure improvements relating to a new surgery suite and emergency department, among other improvements.
Moody's and S&P Global Ratings have assigned the bonds a rating of Baa3 and BBB-, respectively.
RBC Capital Markets is lead manager on the deal.
Write to Zaeem Shoaib at zaeem.shoaib@wsj.com
(END) Dow Jones Newswires
March 10, 2025 17:44 ET (21:44 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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