Bulletin: Ascension Health Alliance, MO Adds Proposed $443 Million To Existing Bond Issue

NEW YORK (S&P Global Ratings) March 31, 2021--S&P Global Ratings today said it does not expect approximately $443 million of new bonds added to Ascension Health Alliance (Ascension), Mo.'s taxable series 2019B issuance to affect its 'AA+' rating on the bonds. There is no additional debt associated with this transaction because Ascension will use the proceeds to refund and pre refund the tax-exempt bonds referenced below. Tax-exempt mandatory tender bonds totaling $354 million in outstanding par, with put dates through April 2022--to be funded/pre-funded: $95.545 million MI Series 2010F-2, to be redeemed upon April 1 closing $43.240 million IL Series 2012E-2 to be redeemed upon April 1 closing $80.465 million WI Series 2013B-4 to be redeemed June 1, 2021 $89.260

...March 31, 2021 NEW YORK (S&P Global Ratings) March 31, 2021--S&P Global Ratings today said it does not expect approximately $443 million of new bonds added to Ascension Health Alliance (Ascension), Mo.'s taxable series 2019B issuance to affect its '##+' rating on the bonds. There is no additional debt associated with this transaction because Ascension will use the proceeds to refund and pre refund the tax-exempt bonds referenced below. Tax-exempt mandatory tender bonds totaling $354 million in outstanding par, with put dates through April 2022--to be funded/pre-funded: - $95.545 million MI Series 2010F-2, to be redeemed upon April 1 closing - $43.240 million IL Series 2012E-2 to be redeemed upon April 1 closing - $80.465 million WI Series 2013B-4 to be redeemed June 1, 2021 - $89.260 million IN Series 2006B-3 to be redeemed Nov. 2, 2021 - $45.430 million IL Series 2012E-1 to be redeemed April 29, 2022 Other tax-exempt bonds to be legally defeased/refunded: - $76.540 million WI Series 2013A...

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