Scottsdale Healthcare plans to convert and reoffer $89.7 million series 2006F revenue bonds

By Cristal Cody

Springdale, Ark., May 5 - Scottsdale Healthcare intends to convert and reoffer $89.7 million of series 2006F revenue bonds on June 10, according to a remarketing circular.

The series 2006F bonds (Aaa/AAA/AAA) will be converted from an auction rate to a long-term interest rate and will be subject to mandatory tender.

The bonds due Sept. 1, 2045 priced through the Industrial Development Authority of the City of Scottsdale, Ariz.

The bonds are insured by Financial Security Assurance.

Citigroup Global Markets is the remarketing agent.

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