News Headlines Article

Hospital expects to save money with bonds
Porterville Recorder

A proposal targeted at saving $1 million by refinancing bonds issued to fund the construction of Sierra View Hospital’s green tower was approved Tuesday morning by the health care district’s Board of Directors.

Chief Financial Officer Doug Dickson said on May 11 the district will issue $18.7 million in bonds in an attempt to pay off its remaining debt from a 1998 series of bonds. He estimates that the average interest rate on the new bonds will be 4.65 percent.