Phelps County Hospital in Missouri to Refinance More Than $10.5M in Bonds

The board of trustees for the Phelps County Regional Medical Center in Rolla, Mo., has approved a measure that will refinance more than $10.5 million in bonds, according to a Rolla Daily News report.

Hospital CFO Ed Clayton stated the hospital issued $40 million in bonds in 2003. Since then, $10.8 million has been paid, $16 million was refinanced in March and $13.2 of the initial issue remains, according to the report.

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