Morningstar

Colorado Authority to Sell $125 Million of Bonds for Hospital Expansion Projects

Provided by Dow Jones

By Patrick Sheridan

The Colorado Health Facilities Authority plans to sell $125 million of bonds to help pay for expansion projects at Craig Hospital in Englewood.

The securities will be issued in two tranches, according to documents posted Thursday on MuniOS. The authority will sell $105 million of Series 2025 A Hospital Revenue Bonds and $20 million of Series 2025 B debt.

Pricing is expected as early as Oct. 21, with closing tentatively set for Nov. 12.

Interest on the bonds is payable semiannually starting on Dec. 1, and again on June 1.

The bonds are backed by payments made by Craig Hospital under a loan agreement with the authority. Craig Hospital has pledged all revenue, income, and money received from its operations and other sources to repay the debt.

Money from the sale will be used to finance the addition of a fourth and fifth floor to Craig Hospital's East Building for additional inpatient beds, and expand the West Building to provide for an additional gymnasium and clinician office space.

A portion of the proceeds will also be used to refund some previously issued bonds and pay issuance costs.

Craig Hospital is a rehabilitation hospital that exclusively specializes in therapy and research for individuals with spinal cord or brain injuries.

S&P Global Ratings has issued an A- ratings on the bonds.

RBC Capital Markets is the underwriter on the offering.

Write to Patrick Sheridan at patrick.sheridan@wsj.com 




  -0- 


 
 



  (MORE TO FOLLOW) Dow Jones Newswires



  October 16, 2025 16:30 ET (20:30 GMT)


Copyright (c) 2025 Dow Jones & Company, Inc.
  

					The articles, information, and content displayed on this webpage may
					include materials prepared and provided by third parties. Such
					third-party content is offered for informational purposes only and
					is not endorsed, reviewed, or verified by Morningstar.
				
 

					Morningstar makes no representations or warranties regarding the
					accuracy, completeness, timeliness, or reliability of any third-party
					content displayed on this site. The views and opinions expressed in
					third-party content are those of the respective authors and do not
					necessarily reflect the views of Morningstar, its affiliates, or employees.
				
 

					Morningstar is not responsible for any errors, omissions, or delays
					in this content, nor for any actions taken in reliance thereon.
					Users are advised to exercise their own judgment and seek independent
					financial advice before making any decisions based on such content.
					The third-party providers of this content are not affiliated with
					Morningstar, and their inclusion on this site does not imply any
					form of partnership, agency, or endorsement.
				
 

				Popular
				
 
  
 
 
 
 
The Smartest Moves for Bond Investors Today, and What to Do When You Have Too Many Investments
 
Ask the Analyst columnist Amy Arnott answers a grab bag of reader questions about bond ETFs, TIPS, retirement planning, and more. 
 
 
Amy C. Arnott, CFA and Ivanna Hampton 
 
 
 
Undervalued by 15%, This Utilities Stock Could Be an Unexpected AI Winner
 
With a 3.3% dividend yield and earnings growth expected to exceed management’s outlook, this 4-star stock stands out in a struggling sector. 
 
 
Andrew Bischof, CFA, CPA 
 
 
 
The Thrilling 37
 
Just a few strict screens can narrow the field to an elite group of funds. 
 
 
Russel Kinnel 
 
 
 
The 10 Best and 10 Worst Months of All Time for the US Stock Market
 
Do common investor sayings about particular months being stronger or weaker for stocks have empirical backing, or is it all market mythology? Dan Lefkovitz uncovered some surprising truths about stock market performance by examining over 100 years of data. 
 
 
Dan Lefkovitz 
 
 
 
3 Stocks to Sell and 3 Stocks to Buy for October
 
Plus, lessons from September’s stock market activity. 
 
 
David Sekera, CFA and Susan Dziubinski 
 
 
 
 

			Sponsor Center