Deschutes County Hospital, Ore., defeases 2008 Cascade Healthcare Community bonds

By Tali Rackner

Norfolk, Va., July 22 – The Deschutes County Hospital Facility Authority, Ore., defeased $99 million of its series 2008 hospital revenue refunding bonds issued for Cascade Healthcare Community, Inc., according to a notice.

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

• $1,685,000 of 6% bonds due Jan. 1, 2016;

• $1,815,000 of 6.375% bonds due Jan. 1, 2017;

• $1.96 million of 7.25% bonds due Jan. 1, 2018;

• $12.5 million of 7.375% bonds due Jan. 1, 2023;

• $18.99 million of 8% bonds due Jan. 1, 2028; and

• $62.05 million of 8.25% bonds due Jan. 1, 2038.

U.S. Bank NA is the paying and escrow agent.

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