California Health to redeem $228 million of Adventist Health bonds

By Tali David

Minneapolis, Jan. 30 - The California Health Facilities Financing Authority will redeem $228 million of its Adventist Health System/West variable-rate hospital revenue bonds and health facility revenue bonds, according to a press release.

The following series 2002 variable-rate hospital bonds will be redeemed at par plus accrued interest on Feb. 14:

• $35 million of 2002A bonds due Sept. 1, 2025; and

• $25 million of 2002B bonds due Sept. 1, 2025.

The following series 2003A health facility bonds will be redeemed at par plus accrued interest on March 1:

• $2,195,000 of 5% bonds due March 1, 2015;

• $2.17 million of 5% bonds due March 1, 2016;

• $2.13 million of 5% bonds due March 1, 2017;

• $2,075,000 of 5% bonds due March 1, 2018;

• $2,025,000 of 5% bonds due March 1, 2019;

• $2.06 million of 5% bonds due March 1, 2020;

• $1,545,000 of 5% bonds due March 1, 2022;

• $1,455,000 of 5% bonds due March 1, 2023;

• $1,355,000 of 5% bonds due March 1, 2024;

• $1,235,000 of 5% bonds due March 1, 2025;

• $37.25 million of 5% bonds due March 1, 2028; and

• $112,505,000 of 5% bonds due March 1, 2033.

U.S. Bank NA is the bond trustee.

The authority is based in Sacramento. Adventist is a health care delivery system.

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