Lorain, Ohio, and Knox, Tenn., Catholic Healthcare Partners bonds have second tender for purchase

By Marisa Wong

Milwaukee, March 12 - Catholic Healthcare Partners has made a second offer to purchase all or some of the outstanding County of Lorain, Ohio, adjustable-rate hospital facilities revenue bonds, series 2002B-1, 2002B-2 and 2003C-3, and the Health, Educational and Housing Facility Board of the County of Knox, Tenn., adjustable-rate hospital facilities revenue refunding bonds, series 2003C-4.

The following bonds have a tender for purchase:

• $35.3 million of series 2002B-1 bonds due Oct. 1, 2030;

• $46.15 million of series 2002B-2 bonds due Oct. 1, 2030;

• $30.49 million of series 2003C-3 bonds due April 1, 2019; and

• $20.24 million of series 2003C-4 bonds due April 1, 2019.

Catholic Healthcare will pay $950 for each $1,000 principal amount of the bonds.

The offer will expire at 5 p.m. ET March 22, and the bonds will be purchased March 24.

Previously, Catholic Healthcare tendered, purchased and cancelled $49.5 million of the 2002B-1 bonds, $48.05 million of the 2002B-2 bonds, $29.11 million of the 2003C-3 bonds and $1.06 million of the 2003C-4 bonds on March 1.

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