S&W bonds to fund hospital construction

January 17, 2013, 9:00 pm by Adam Troxtell

Scott & White Healthcare is requesting a bond issue to help fund construction of a medical center being built in southern Marble Falls.

The $60 million fixed rate bonds, which will be underwritten by Goldman Sachs and Citi next month, are part of a financial package that also includes debt refinancing for principal and interest savings.

The Hurd Regional Medical Center is scheduled for completion near the intersection of US 281 and TX 71 in the fall of 2014.

"It’s another step that shows the process is continuing,” Marble Falls City Manager Ralph Hendricks said. "They are receiving the funding for the completion of the project. We were waiting on this and are very glad to see it happen.”

For the full story, see Friday's Highlander.