Indiana Finance's Parkview Health hospital bonds have mandatory tender

By Marisa Wong

Madison, Wis., March 28 - The Indiana Finance Authority gave notice that its Parkview Health System Obligated Group hospital revenue bonds, series 2009B, 2009C and 2009D, are subject to mandatory tender for purchase on April 6.

The tender price for the bonds is $74,585,000.

The mandatory tender is due to the replacement of the bonds' current letter of credit issued by Wells Fargo Bank, NA with a letter of credit issued by PNC Bank, NA at the direction of Parkview Health System, Inc. and Parkview Hospital, Inc.

U.S. Bank NA is the trustee.

Parkview Health is based in Fort Wayne, Ind.

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