Knox County, Tenn., board's 2002D Covenant Health bonds to have tender

By Marisa Wong

Madison, Wis., Dec. 10 - Covenant Health said its board of directors has approved a proposed tender offer to purchase the Health, Educational and Housing Facility Board of the County of Knox, Tenn.'s Covenant Health hospital revenue refunding and improvement bonds, series 2002D.

Covenant said it expects to make the tender offer in the first quarter of 2011.

Affected are the following bonds:

• $66.05 million of 2002D-1 bonds due Jan. 1, 2033;

• $65 million of 2002D-2 bonds due Jan. 1, 2033;

• $35 million of 2002D-3 bonds due Jan. 1, 2033;

• $35 million of 2002D-4 bonds due Jan. 1, 2033; and

• $28.65 million of 2002D-5 bonds due Jan. 1, 2023.

Citigroup Global Markets Inc. will be the tender agent.

Covenant Health is a Knoxville, Tenn.-based health system serving eastern Tennessee.

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