Catholic Health Initiatives, Denver, plans to convert or refund and retire $896.2 million auction-rate bonds

By Cristal Cody

Springdale, Ark., April 25 - Denver-based Catholic Health Initiatives plans to convert or refund and retire $896.2 million auction-rate bonds, according to a notice.

As of March1, the company had about $1 billion in outstanding auction bonds.

Catholic Health plans to convert or refund and retire the remaining $105 million auction bonds in the fall.

The auction-rate bonds that will be converted or refunded include series 1995C revenue bonds sold through the Nebraska Health Facilities and the Hospital Authority No. 2 of Douglas County; series 1995C revenue bonds sold through the Oregon Health Facilities and the Hospital Facility Authority of Ontario; series 1995C revenue bonds sold through Garden City, Kan., and the Kansas Health Facilities; series 1995C revenue bonds sold through the city of Williston, N.D., and the North Dakota Health Facilities; series 1997A and B Catholic Health Initiatives composite issue; series 2000A and B Catholic Health Initiatives composite issue; series 2002A and B Catholic Health Initiatives composite issue; series 2004A, B, C and D Catholic Health Initiatives composite issue; series 2006A, B and C Catholic Health Initiatives composite issue and series 2007A Catholic Health Initiatives bonds.

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