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Published on 10/23/2014 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Franklin, Ohio, hospital facilities revenue bonds have mandatory tender

By Tali Rackner

Norfolk, Va., Oct. 23 – The County of Franklin, Ohio, said its series 1996A and 1996B variable-rate demand hospital facilities refunding and improvement revenue bonds issued for U.S. Health Corp. of Columbus and series 1998B variable-rate demand hospital facilities revenue bonds issued for Doctors OhioHealth Corp. are subject to mandatory tender, according to multiple notices.

The county will purchase $105.86 million of 1996A and $34,035,000 of 1996B U.S. Health Corp. bonds and $46.5 million of 1998B Doctors OhioHealth bonds at par plus accrued interest on Nov. 20.

U.S. Bank NA is the trustee.


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