...Sale Date: March 26 Series: $685 million Sutter Health Taxable Bonds, Series 2018A; $606 million California Health Facilities Financing Authority Revenue Bonds (Sutter Health), Series 2018A Purpose: Proceeds of the taxable fixed rate series 2018A bonds will be used to refund a portion of the outstanding series 2011A and 2011B bonds. Proceeds of the tax-exempt series 2018A bonds will be used for construction of the two new hospitals in San Francisco, including reimbursement for prior capital expenditures for these projects. Security: The bonds are secured by a gross revenue pledge of the obligated group (OG). The OG includes 28 hospitals and other health care related entities and accounted for 93% of total assets and 99% of total revenue of the consolidated entity in 2017 (Dec. 31 fiscal year end)....
