Kettering Health Network to sell $200M in bonds to fund expansion

Dayton, Ohio-based Kettering Health Network plans to sell $200 million in bonds to help finance upcoming expansion projects, according to The Bond Buyer.

Ohio's Miami County will issue the bonds. Costs associated with a new hospital set to open this summer will be covered with about $100 million of the bond proceeds. Kettering Health Network will use the other half of the proceeds to refund bonds the system issued in 2009.

Kettering Health Network is expected to generate $16.6 million in savings through the refunding, according to the report.

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