By Josh Beckerman
The Nebraska Methodist Health System is poised to receive $199.5 million from a municipal bond sale with the proceeds slated for refunding existing debt.
Securities will be sold on behalf of Nebraska Methodist by Hospital Authority No. 2 and No. 3 of Douglas County. Authority No. 2 will sell $70.4 million of bonds and authority No. 3 will issue $129.2 million of debt.
Proceeds will be used to refund Series 2014, 2015 and 2017A bonds and a taxable term loan, according to a roadshow document posted on MuniOS.
Pricing may be as early as June 17 and closing is expected Aug. 4.
According to Fitch Ratings, there will be about $20 million in new money debt between the two series, which is earmarked for capital projects.
Final maturity is scheduled for Nov. 1, 2055.
Nebraska Methodist has four hospitals and over 30 clinics serving Nebraska and Iowa. Fiscal 2024 revenue was $1.4 billion.
The bonds have ratings of A+ from Fitch and A from S&P Global Ratings. Fitch said on May 28 that Nebraska Methodist has an "exceptional liquidity position" and growing market share. It expects "improved operational performance back to solid operating cash flow levels."
RBC Capital Markets is the underwriter.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
June 11, 2025 19:23 ET (23:23 GMT)
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