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Published on 11/18/2014 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Washington Health to refund $83.36 million Seattle Cancer Care bonds

By Tali Rackner

Norfolk, Va., Nov. 18 – The Washington Health Care Facilities Authority plans to refund $83,355,000 of its series 2008 revenue bonds issued for the Seattle Cancer Care Alliance, according to a notice.

The following will be redeemed at par plus accrued interest to their maturities:

• $1.54 million of 5.5% bonds due March 1, 2015;

• $1,625,000 of 5.5% bonds due March 1, 2016;

• $1.71 million of 5.5% bonds due March 1, 2017;

• $1,805,000 of 5.5% bonds due March 1, 2018; and

• $1,905,000 of 5.75% bonds due March 1, 2019.

The following will be redeemed at par plus accrued interest on March 1, 2019:

• $11,475,000 of 6.5% bonds due March 1, 2024;

• $15,915,000 of 7.125% bonds due March 1, 2029; and

• $47.38 million of 7.373% bonds due March 1, 2038.

U.S. Bank NA is the escrow agent.


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