Colorado Health to redeem all 2001 PorterCare Adventist bonds at 101

By Marisa Wong

Madison, Wis., Oct. 14 - Colorado Health Facilities Authority said it will redeem its outstanding series 2001 PorterCare Adventist Health System Project hospital revenue bonds in full on Nov. 15.

The bonds, which will be redeemed at 101 plus accrued interest to the redemption date, include

• $5.1 million of 6.5% bonds due Nov. 15, 2023;

• $17.405 million of 6.625% bonds due Nov. 15, 2026; and

• $37.495 million of 6.5% bonds due Nov. 15, 2031.

The Denver-based authority is a financing vehicle for public and nonprofit health care institutions. Porter Adventist is a hospital in Denver that is part of the Englewood, Colo.-based Centura Health network.

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