Vanguard Health Systems has raised a total of $1.09 billion in a two part bond sale, Reuters reports. The notes worth $350 million, which carry a coupon rate of 7.75%, will mature on Feb. 1, 2019, while the bonds worth $747.2 million, which has a zero percent interest rate, will be due on Feb. 1, 2016. The hospitals operator raised the size of the deal from an initially planned $750 million. The joint book-running managers for the sale were Bank of America Merrill Lynch, Barclays, Citi, Deutsche Bank, Goldman Sachs and Morgan Stanley.
Click here for the story from Reuters.
Click here for additional coverage from Market Wire.