LOS ANGELES — Downey Regional Medical Center, a not-for-profit hospital located in greater Los Angeles, will emerge from bankruptcy in mid-November, allowing it to close on a planned bond refunding if a bankruptcy judge approves its exit plan.

Under the exit strategy, $36.85 million of bonds would be sold privately to RCB Equities #1 LLC, according to a disclosure filing. Downey would also receive a loan from MidCap Financial LLC in the amount of $20 million, the filing states.

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