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Published on 8/25/2014 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Washington Health Care defeases 2005 Overlake Hospital revenue bonds

By Tali Rackner

Norfolk, Va., Aug. 25 – The Washington Health Care Facilities Authority defeased its series 2005A and 2005B revenue bonds issued for the Overlake Hospital Medical Center, according to a notice.

The following 2005A bonds were defeased:

• $3.51 million of 5% bonds due July 1, 2015;

• $275,000 of 4% bonds due July 1, 2016; and

• $3.41 million of 5% bonds due July 1, 2016.

The following 2005B bonds were defeased:

• $17.03 million of 5% bonds due July 1, 2025;

• $13,355,000 of 5% bonds due July 1, 2030;

• $25 million of 5% bonds due July 1, 2038; and

• $4,615,000 of 4.65% bonds due July 1, 2038.

U.S. Bank NA is the trustee and agent.


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