The Dormitory Authority of the State of New York on Wednesday approved $426 million of health care bonds for the North Shore-Long Island Jewish Obligated Group. The 30-year bonds will be sold through negotiated sales.
Proceeds are expected to benefit, among other projects, construction at Zucker Hillside Hospital to replace 115 beds; refunding of North Shore-Long Island Jewish Health System Obligated Group Series 2001 A, B, and D Nassau County Industrial Development Authority debt; and refundings for NSLIJ health system members, including Lenox Hill Hospital and Staten Island University Hospital.
Citi is the lead manager. Orrick Herrington & Sutcliffe LLP is bond counsel. Mintz, Levin, Cohn, Ferris, Glovsky and Popeo PC is the underwriter’s counsel.