Scottsdale Health will use the proceeds from next week’s $153 million sale of uninsured fixed-rate revenue bonds issued on its behalf by Scottsdale Industrial Development Authority to refund variable- and auction-rate securities issued in 2006 and 2007.

Bond proceeds will refund the Series 2006A and B and the Series 2007A variable-rate bonds. Scottsdale Health will also convert its $89.7 million Series 2006F auction-rate bonds to fixed-rate debt, with insurance by Financial Security Assurance.

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