Denver Health and Hospital may hold exchange offer or tender offer for series 2007B bonds

By Angela McDaniels

Tacoma, Wash., Oct. 28 - The Denver Health and Hospital Authority in Colorado is considering an exchange offer or tender offer for its $79.385 million of series 2007B floating-rate health care revenue bonds due Dec. 1, 2033, according to a notice to bondholders.

Holders who are interested in participating in either offer should notify the authority by Nov. 3. The expected terms of the offers will then be released to interested bondholders on or about Nov. 16.

The final terms are expected to be released on Nov. 18, at which time bondholders should indicate whether they accept the offer.

Any notes accepted in an exchange offer would be exchanged for the authority's series 2007A health care revenue bonds.

The authority said it is considering holding an offer because of changes in market conditions since the bonds were issued.

The dealer manager is Ziegler Capital Markets (contact Michael McDaniel at 312 596-1527 or mmcdaniel@ziegler.com or John Hanley at 216 902-5004 or john.hanley@ziegler.com).

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