Livonia, Mich.-based Trinity Well being, one of many largest nonprofit hospital teams within the nation, is issuing $50 million of latest bonds each to finance new tasks and to assist refinance present ones.
The transaction, dated Dec. 7, has an preliminary rate of interest of three.62 p.c and the bond will mature Dec. 1, 2052.
Trinity, which acquired MercyOne Well being in one of many bigger hospital transactions this 12 months, operates throughout 26 states in 88 hospitals plus a number of different places.
The corporate had its credit standing affirmed at “AA-” even because it posted an general lack of $1.4 billion in fiscal 2022, Fitch stated Dec. 1.