Sutter Health will offer $900 million in tax-exempt debt, Bloomberg reports. The California Health Facilities Financing Authority will sell $575 million debt on behalf of Sutter, while the remaining $325 million will be issued by the California Statewide Communities Development Authority. The California-based nonprofit health system had previously sold $878 million in tax-exempt debt in April 2007, due in November 2042. The proceeds from the new bond sale are expected to be used by the system on hospital rebuild projects, adds Business Journal.

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