New Jersey Health Care Facilities calls $145 million of hospital bonds

By Ashley Montgomery

Kansas City, Kan., June 4 - The New Jersey Health Care Facilities Financing Authority said it would redeem all of its series 2002 South Jersey Hospital revenue bonds and a portion of its series 2008 Underwood-Memorial Hospital bonds, according to a notice.

The 2002 bonds will be redeemed on July 1 and the 2008 bonds will be redeemed on July 2, all at par plus accrued interest to the redemption date.

The following series 2002 bonds are affected:

• $44,975,000 5.875% bonds due July 1, 2021;

• $37,065,000 6% bonds due July 1, 2026; and

• $61,375,000 6% bonds due July 1, 2032.

The following series 2008 bonds are affected:

• $1,725,000 of variable-rate bonds due July 1, 2033.

The series 2002 bonds are being redeemed subject to mandatory redemption. Holders of the series 2002 bonds who surrender their bonds in person must do so by 2 p.m. ET on July 1.

U.S. Bank, NA is the trustee.

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