Methodist Healthcare, Tenn., continues tender offer to April 9

By Laura Lutz

Des Moines, March 25 - Methodist Healthcare - Memphis Hospitals extended a tender offer for some of its bonds to 5 p.m. ET on April 9 from March 24, according to a news release.

The tender offer applies to its series 1985C bonds maturing in 2014; all maturities of its series 1995 bonds; and its series 1998 bonds maturing in 2011, 2012, 2013 and 2018.

As of the close of business on March 24, Methodist had received tenders for:

• $1.09 million, or 13.6%, of $8.005 million outstanding principal amount of bonds with CUSIP 821692PG9;

• $4.768 million, or 74%, of $6.445 million outstanding bonds with CUSIP 821692QQ6;

• $4.715 million, or 65.9%, of $7.16 million outstanding bonds with CUSIP 821692QR4;

• $3.805 million, or 89.2%, of $4.265 million outstanding bonds with CUSIP 821692PW4;

• $3.56 million, or 82.3%, of $4.325 million outstanding bonds with CUSIP 821692PX2;

• $3.57 million, or 81.3%, of $4.39 million outstanding bonds with CUSIP 821692PY0; and

• $32 million, or 74.3%, of $43.085 million outstanding bonds with CUSIP 821692PZ7.

JPMorgan is acting as dealer manager for the tender offer. D.F. King & Co. Inc. (800 949-2583) is the information agent.

Methodist Healthcare operates five hospitals in the Memphis area.

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