Munson tenders for Grand Traverse Hospital Finance, Mich.'s bonds

By Marisa Wong

Madison, Wis., June 6 - Munson Healthcare announced it is inviting holders of four series of revenue refunding bonds issued by County of Grand Traverse Hospital Finance Authority to tender any and all of the bonds for cash.

The four series of bonds include $30 million of series 2001A bonds, $23.95 million of series 2002A bonds, $25 million of series 2005A bonds and $30 million of series 2005B bonds.

The invitation will expire at 5 p.m. ET on July 13.

The purchase price will be 97 plus accrued interest to but excluding the settlement date, which is expected to be Aug. 10.

Bondholder Communications Group LLC is the information and tender agent.

Munson is a Traverse City, Mich.-based health system operating in 24 counties throughout Michigan. The authority is also based in Traverse City, Mich.

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