MedCath accepts tenders for $11.865 million of $30.33 million 9 7/8% notes

By Jennifer Chiou

New York, Jan. 26 - MedCath Corp. announced subsidiary MedCath Holdings Corp. accepted tenders for $11.865 million of notes in its cash tender offer for up to $30.33 million of MedCath Holdings' 9 7/8% senior notes due 2012.

The offer expired at 5 p.m. ET on Jan. 23.

The company paid par plus accrued interest up to and including the payment date using proceeds from asset sales from the past 12 months.

MedCath started the offer on Dec. 22.

U.S. Bank NA (800 934-6802) is the depositary.

Charlotte, N.C.-based MedCath develops, owns and operates hospitals.

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