North Carolina's Novant Health to Price $135M Next Week

DeSue, Tedra
December 2004
Bond Buyer;12/2/2004, Vol. 350 Issue 32021, p36
Trade Publication
The article reveals that investors looking to pick up some highly rated hospital paper might take a look at a $135 million offering of floating-rate debt due to price on Tuesday for Novant Health Inc. in North Carolina. The deal will mark a hefty increase in the amount of debt that has been sold for the hospital system. However, rating agency analysts agree that the system's strong market position in Charlotte and Winston-Salem mitigates the risks of rising debt levels. The North Carolina Medical Care Commission will sell the variable-rate demand health care facilities revenue bonds.


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