Resurrection Health Care, Ill., to convert, reoffer $225 million revenue bonds after mandatory tender

By Cristal Cody

Springdale, Ark., May 21 - Resurrection Health Care plans to remarket $225 million revenue bonds after their mandatory tender and conversion, according to a preliminary official statement.

The $112.5 million series 1999A and $112.5 million series 1999B bonds will be converted on June 5 to a fixed interest rate.

The bonds (Aaa/AAA/AAA) priced through the Illinois Finance Authority.

The bonds are insured by Financial Security Assurance.

Merrill Lynch & Co. is the remarketing agent.

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