Adventist Health System West of California to convert $57.5 million series 2007B auction-rate bonds

By Sheri Kasprzak

New York, May 2 - Adventist Health System West in California plans to convert $57.5 million of its series 2007B insured revenue bonds, a notice of conversion said.

The bonds will be converted to a fixed-rate mode from an auction-rate mode sometime this May. The exact conversion date has not been set.

The bonds were sold on May 8, 2007 through the California Statewide Communities Development Authority.

Goldman, Sachs & Co. is the remarketing agent.

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