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Oroville Hospital will restructure its debt
Oroville Mercury-Register

Oroville Hospital is preparing a bond issue supported by the city of Oroville to strengthen the hospital financially and to supplement ongoing investment in new medical technology.

Hospital Chief Executive Director Bob Wentz said the hospital is refinancing the bonds originally used to build the hospital at today’s lower interest rates.

“Basically, what we’re doing is taking advantage of a very favorable financial market that allows us to restructure our debt,” Wentz said.