Ochsner Clinic Foundation, La., considers issuance of refunding bonds

By Susanna Moon

Chicago, May 15 – Ochsner Clinic Foundation and Ochsner Community Hospitals of Louisiana said it may issue refunding bonds and is considering the refunding of a number of series of notes.

Ochsner Clinic Foundation may refund some or all or the Louisiana Public Facilities Authority revenue bonds, series 2007A, and the Louisiana Public Facilities Authority revenue bonds, series 2011, according to a notice.

Ochsner Community Hospitals may refund some or all of the Louisiana Public Facilities Authority revenue bonds, series 2007B.

The refunding is conditioned on the issue of refunding bonds and market conditions, and there is no assurance that the bonds will be refunded or redeemed, the notice explained.

The 2007 bonds maturing on or before May 15, 2017 are not subject to optional redemption prior to their respective stated maturities. The first possible optional call date for the 2007 bonds maturing after May 15, 2017 is May 15, 2017.

The series 2011 bonds maturing on or before May 15, 2021 are not subject to optional redemption prior to their respective stated maturities. The first possible optional call date for the series 2011 bonds maturing after May 15, 2021 is May 15, 2021.

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