Oklahoma Development Finance defeases 2008B, 2008C Integris bonds

By Tali Rackner

Norfolk, Va., April 20 – The Oklahoma Development Finance Authority defeased its series 2008B and 2008C health system revenue and refunding bonds issued for the obligating group consisting of Integris Baptist Medical Center, Inc., Integris South Oklahoma City Hospital Corp. and Integris Rural Health, Inc., according to two notices.

The following 2008B bonds will be redeemed at par plus accrued interest on Aug. 15, 2018:

• $82.28 million of 5.25% bonds due Aug. 15, 2038.

The following 2008C bonds will be redeemed at par plus accrued interest on Aug. 15, 2018 or at maturity, whichever occurs first:

• $5.22 million of 5% bonds due Aug. 15, 2015;

• $5,505,000 of 5% bonds due Aug. 15, 2016;

• $5,775,000 of 5% bonds due Aug. 15, 2017;

• $6.66 million of 5% bonds due Aug. 15, 2018;

• $7,065,000 of 4.5% bonds due Aug. 15, 2019;

• $7.45 million of 5.5% bonds due Aug. 15, 2020;

• $7,795,000 of 5.5% bonds due Aug. 15, 2021;

• $8,265,000 of 5.5% bonds due Aug. 15, 2022;

• $17.96 million of 5% bonds due Aug. 15, 2024; and

• $40,405,000 of 5.25% bonds due Aug. 15, 2029.

BOKF, NA, doing business as Bank of Oklahoma, is the escrow agent and trustee.

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