DALLAS -- Oaklawn Hospital in Calhoun County, Michigan plans to convert its variable rate paper to fixed-rate debt in an upcoming $74 million hospital revenue bond refunding.

The series 2016 transaction consists of one series of debt totaling approximately $74 million. The debt is anticipated to be fixed-rate, tax-exempt and will refinance $63 million of outstanding variable rate debt. The bond sale will also include $10 million of new money.

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