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Parkview Health, Ind., accepts tenders for $149.65 million bonds
By Jennifer Chiou
New York, Aug. 25 - Parkview Health System, Inc. announced that it accepted tenders for $149.65 million of notes in its offer for $169.075 million of series 2001 auction-rate hospital revenue bonds issued for it by the Indiana Health Facility Financing Authority.
The company accepted tenders for $38.1 million of the $50.525 million of series 2001A term bonds due May 1, 2020, $51,875,000 of the $57.3 million of series 2001B term bonds due May 1, 2031 and $59,675,000 of the $61.25 million of series 2001C term bonds due May 1, 2031.
Parkview will pay 93% of par plus accrued interest up to but excluding the Aug. 27 settlement date.
Holders who wished to participate had to tender at least $25,000 of bonds.
The offer wrapped at 5 p.m. ET on Aug. 6.
Parkview said it planned to fund the offer primarily with the proceeds of the series 2009A hospital revenue bonds to be issued for it by the authority on Aug. 27.
Bondholder Communications Group LLC (212 809-2663) was the information and tender agent.
The health system is based in Fort Wayne, Ind.
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