CHICAGO - Flint, Mich.-based McLaren Health Care Corp. will enter the market tomorrow with $204 million of fixed-rate revenue bonds in the first of two series that together will refinance all the system's so-called indexed put bonds as well as a portion of debt taken on with a pair of recent acquisitions.

McLaren will sell the second series, $173.9 million of variable-rate demand bonds, the week of July 28. The bonds will be supported by a direct-pay letter of credit from JPMorgan Chase NA.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.