New Jersey to redeem $187.41 million of Meridian Health revenue bonds

By Tali David

Minneapolis, Dec. 12 - New Jersey Health Care Facilities Financing Authority will redeem all $187.405 million of its Meridian Health System Obligated Group series 1999 revenue bonds, according to a news release.

The authority will redeem the following bonds on Jan. 11 at par plus accrued interest:

• $6.21 million of its 5.625% notes due July 1, 2012;

• $1.245 million of its 5.125% notes due July 1, 2012;

• $7.515 million of its 5.625% notes due July 1, 2013;

• $365,000 of its 5.2% notes due July 1, 2013;

• $5.725 million of its 5.625% notes due July 1, 2014;

• $2.585 million of its 5.25% notes due July 1, 2014;

• $35.38 million of its 5.25% notes due July 1, 2019;

• $11.685 million of its 5.3% notes due July 1, 2019;

• $43.635 million of its 5.375% notes due July 1, 2024; and

• $73.06 million of its 5.25% notes due July 1, 2029.

The Bank of New York Mellon is the trustee.

Meridian Health System is a health care group made up of Jersey Shore University Medical Center and K. Hovnanian Children's Hospital in Neptune, Ocean Medical Center in Brick, Riverview Medical Center in Red Bank, Southern Ocean Medical Center in Manahawkin, Bayshore Community Hospital in Holmdel and Meridian Partner Cos.

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