CHICAGO – Presence Health in Illinois will privately place up to $215 million of bonds in a deal that restructures outstanding debt of the two Chicago-area systems that joined in 2011 to form the new system.

The deal marks the largest in a handful of transactions totaling $347 million that the Illinois Finance Authority advanced at a recent board meeting on behalf of not-for-profit Illinois healthcare and educational borrowers.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.