Methodist Hospitals of Dallas to buy outstanding $200 million bonds

By Cristal Cody

Tupelo, Miss., Sept. 23 - Methodist Hospitals of Dallas plans to purchase all or a portion of the outstanding $200 million in series 2008A and 2008B revenue bonds through the secondary securities market, according to a notice released Tuesday.

The bonds priced through the Tarrant County Cultural Education Facilities Finance Corp.

Methodist Hospitals will use unrestricted cash and investments to acquire the bonds with plans to hold the purchased bonds until the financial market is more stable.

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