Wisconsin Health's Aurora Health bonds subject to mandatory purchase

By Marisa Wong

Madison, Wis., Sept. 10 - The Wisconsin Health and Educational Facilities Authority said that its Aurora Health Care, Inc. series 2006A, 2006B, 2006C, 2008A and 2008B variable-rate revenue bonds, each of the 2006 series totaling $50 million and each of the 2008 series totaling $80 million, are subject to mandatory purchase on Sept. 20.

The bonds are subject to mandatory purchase because new credit facilities will replace the current credit facility supporting the bonds issued by U.S. Bank NA on Sept. 20.

The new credit facility supporting the 2006 bonds will be issued by Bank of Montreal, Chicago Branch, and the new facility supporting the 2008 bonds will be issued by JPMorgan Chase Bank.

The bonds will be purchased at par plus accrued interest to, but not including, the substitute credit facility date.

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