Catholic Health Initiatives defeases $89.02 million series 2002A bonds

By Devika Patel

Knoxville, Tenn., June 17 - Catholic Health Initiatives has defeased $89.02 million in series 2002A revenue bonds it issued through the Colorado Health Facilities Authority, according to an announcement from the authority.

Affected bonds are the $22.17 million in 5.5% bonds due March 1, 2022 and the $66.85 million in 5.5% bonds due March 1, 2032.

Wells Fargo Bank, NA is the escrow agent.

The Denver-based Colorado Health Facilities Authority serves as a financing vehicle for public and nonprofit health care institutions.

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