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Ty Cobb Healthcare Systems Announces Modified Dutch Auction Tender Offer for Its Revenue Anticipation Certificates, Series 1999

March 12, 2009

NEW YORK, March 12 /PRNewswire/ — Ty Cobb Healthcare System, Inc. (“Ty Cobb”) announced today that it has commenced a tender offer (the “Offer”) for up to all of its Revenue Anticipation Certificates, Series 1999 (6.125 % Bonds due July 1, 2009 (CUSIP No. 781045AV1); 6.375% Bonds due July 1, 2014 (CUSIP No. 781045AW9); 6.700% Bonds due July 1, 2016 (CUSIP No. 781045AX7); and 6.500% Bonds due July 1, 2027 (CUSIP No. 781045AY5)) (the “Bonds”) via a modified Dutch auction (the “Modified Dutch Auction”). Ty Cobb invites the owners (“Bondowners”) of the Bonds to offer to sell to Ty Cobb for cash all or any part of their Bonds.

Pursuant to the Modified Dutch Auction, Bondowners may either (i) make a “Competitive Offer” to sell Bonds at a minimum offer price specified by the Bondowner or (ii) a Bondowner may make a “Noncompetitive Offer” to sell Bonds without specifying an Offer Price. More details of the Modified Dutch Auction are available at www.dfking.com/TCHS and www.morgankeegan.com/TCHS.

The Offer will expire at 5:00 P.M., New York City time, on April 13, 2009, unless earlier terminated or extended by Ty Cobb in its sole discretion.

Shattuck Hammond Partners, a Division of Morgan Keegan & Company, Inc. is acting as Dealer Manager for the Offer. Copies of the Offer documents may be obtained from D.F. King & Co., Inc., which is serving as Information and Tender Agent, at (888) 628-1041.

SOURCE Ty Cobb Healthcare System, Inc.


Source: newswire



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