CHICAGO — More than $1 billion of borrowing by health care facilities in Illinois is expected in the coming months in deals approved by the Illinois Finance Authority board amid improved market access for the sector.

“The health care credit markets continue to improve” as yields have shrunk, and the agency expects “activity to increase with many borrowers converting floating rate debt to fixed rates,” according to an IFA report. “Prior to the end of the calendar year, we anticipate eight to 10 additional financings to close.”

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