California Statewide to prepay $52.99 million Sutter certificates

By Melissa Kory

Cleveland, Jan. 18 - The California Statewide Communities Development Authority announced the optional prepayment of its certificates of participation from purchase payments to be received from affiliates of Sutter Health, totaling $52.985 million.

The following will be prepaid on Feb. 15 at par plus accrued interest to the prepayment date:

• $4.68 million of 5.5% certificates due Aug. 15, 2018;

• $4.935 million of 5.5% certificates due Aug. 15, 2019; and

• $43.37 million of 5.75% certificates due Aug. 15, 2027.

U.S. bank, NA is the redemption agent.

Sutter Health is based in Sacramento, Calif.

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