Geisinger proposes $1B bond to finance building projects

Danville, Pa.-based Geisinger Health System wants to move forward with up to $1 billion in bond financing this summer to fund new healthcare facilities and equipment, according to NorthcentralPA.com.

Geisinger plans to use proceeds from the bond issue to acquire, renovate and construct buildings and equipment in eight Pennsylvania counties. 

Geisinger also plans to replace existing debt if interest rates are favorable.

The use of any bond funds are subject to approval from the Geisinger Health Board of Directors and the Geisinger Authority, according to NorthcentralPA.com.

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