MultiCare Health System of Washington to convert $100 million bonds

By Tali David

Minneapolis, June 6 - The MultiCare Health System of Washington State plans to convert $100 million of its series 2009A and 2009B revenue bonds, according to two notices of conversion.

The bonds being converted include $50 million in series 2009A bonds and $50 million in series 2009B bonds.

All of the bonds will be converted to a fixed-rate mode from an auction-rate mode on July 2.

Subject to the conditions, all bonds are subject to mandatory tender for purchase on July 2 at par.

U.S. Bank NA is the trustee.

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