Tarrant County Cultural Education’s 2008C Texas Health bonds have mandatory tender

By Tali Rackner

Norfolk, Va., April 16 – The Tarrant County Cultural Education Facilities Finance Corp. said its $60.77 million of series 2008C Texas Health Resources System revenue bonds are subject to mandatory tender, according to a notice.

The bonds will be purchase at par plus accrued interest on May 12.

The mandatory tender comes after Texas Health’s election to convert the bonds to a weekly rate period from a daily rate period and to replace the liquidity facility with respect to the bonds with self-liquidity provided by the system and the obligated group members.

The Bank of New York Mellon Trust Co., NA is the trustee.

Texas Health Resources is an Arlington, Texas-based non-profit company that operates a network of hospitals and health facilities in northern Texas.

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