John C. Lincoln Health Network (JCL)received approval of their lease financing application in an amount not to exceed $4,000,000. JCL is an Arizona nonprofit corporation which owns and operates two acute care hospitals: John C. Lincoln Hospital-North Mountain and John C. Lincoln Hospital-Deer Valley. JCL also owns and operates a 155-bed extended care facility, Bryans Extended Care Center.

The funds will used for the acquisition of medical equipment to be located at the North Mountain and Deer Valley Hospital facilities. The lease will be privately placed with Citicorp North America. The anticipated term of the lease is 5 years and will bear interest at a fixed rate.

Institution Type:
Hospital

Bond Issue Date:
4/1/2003

Amount Financed:
1 Million - 5 Million

Interest Rate:
Fixed

Bond Denomination:
N/A

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