Catholic Healthcare Partners buys $18.1 million bonds in tender offer

By Devika Patel

Knoxville, Tenn., March 25 - Catholic Healthcare Partners said it bought back $11.83 million of its $90 million in series 2002B-1 adjustable-rate hospital facilities revenue bonds and $4.8 million of its $102.8 million in series 2003C-3 adjustable-rate hospital facilities revenue bonds, both issued by the county of Lorain, Ohio, and $1.48 million of its $42.2 million in series 2003C-4 adjustable-rate hospital facilities revenue bonds issued by the Health, Educational and Housing Facility Board of the County of Knox, Tenn.

The purchase was made on March 24.

The bonds were bought back and canceled as part of a tender offer that was announced March 12. The offer expired at 5 p.m. ET March 22.

Catholic Healthcare was offering $950 for each $1,000 principal amount of the bonds.

The Bank of New York Mellon Trust Co., NA is the trustee.

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