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Published on 8/12/2011 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Lee Memorial Health, Fla., calls $109.45 million 2009 revenue bonds

By Marisa Wong

Madison, Wis., Aug. 12 - Lee Memorial Health System said it will redeem all $109.445 million of its outstanding variable-rate hospital revenue bonds, 2009 series A and 2009 series B, on Sept. 1.

Specifically, the issuer has called $57.325 million of 2009A bonds due April 1, 2033 and $52.12 million of 2009B bonds due April 1, 2033.

The bonds will be redeemed at par plus accrued interest to the redemption date.

Regions Bank is the trustee.

The health care organization is based in Fort Myers, Fla.


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