DALLAS - Integris Health will reduce its level of variable-rate demand debt with next week's negotiated sale of $222.7 million of fixed-rate hospital system revenue and refunding bonds by Oklahoma Development Finance Authority.

Integris, which is the largest nonprofit health care provider in Oklahoma, will use $150 million of the proceeds to currently refund outstanding variable-rate debt issued in 1995 and 1998, according to Wentz Miller, chief financial officer at Integris.

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.