CHICAGO - The Wisconsin Health and Educational Facilities Authority yesterday approved three transactions tied to borrowers' efforts to exit the auction-rate market. They include a $152 million deal from Children's Hospital and Health System of Wisconsin Inc. that will mark the second use in the tax-exempt market of a floating-rate structure promoted by Goldman, Sachs & Co.
The other deals signed off on by the WHEFA board pave the way for the Medical College of Wisconsin Inc.'s $80 million fixed-rate issue slated for sale today. It's being underwritten by Goldman and Robert W. Baird & Co.ProHealth Care Inc.'s sale next month of $120 million of variable-rate demand bonds also won approval. Piper Jaffray & Co. is the underwriter with M&I Bank providing a letter of credit.