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Published on 7/21/2014 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

North Carolina Medical Care to redeem 2009C FirstHealth revenue bonds

By Tali Rackner

Norfolk, Va., July 21 – The North Carolina Medical Care Commission plans to redeem its series 2009C health care facilities revenue refunding bonds issued for the FirstHealth of the Carolinas project, according to a notice.

The bonds maturing on Oct. 1, 2024 and 2029 will be redeemed in full at par plus accrued interest on Oct. 1.

The commission originally issued $54.5 million of the bonds.

The Bank of New York Mellon Trust Co., NA is the escrow agent and bond trustee.

FirstHealth is a private health care network serving 15 counties in the mid-Carolinas.


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