The Landmark Medical Center in Woonsocket, R.I., defaulted on scheduled interest and principal payments on bonds maturing this month, triggering a payment by its insurer, according to a notice posted last week by its trustee.

Radian Asset Assurance Inc. confirmed that it paid out $381,733 to make up for a deficiency in funds held by the trustee, U.S. Bank.

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.