The Saint Cloud Hospital Announces Extension of Tender Offers

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    ST. CLOUD, Minn., Sept. 16 -The Saint Cloud Hospital (the "Hospital") announced today that the tender offers (the "Offers") for City of St. Cloud, Minnesota Nursing Home Revenue Bonds (The Saint Cloud Hospital), Series 1993-A; Multifamily Housing Refunding Revenue Bonds (The Saint Cloud Hospital), Series 1993-B; and Hospital Refunding Revenue Bonds (The Saint Cloud Hospital), Series 1993-C (collectively, the "Bonds") have been extended to 5:00 P.M., New York City time, September 28, 2005 from September 15, 2005.

    The Hospital commenced the Offers on August 15, 2005 at a tender price of 101% of the principal amount, plus accrued interest. Any Bonds that are not tendered in the Offers will be redeemed by the Hospital at a price of 100% of their principal amount, plus accrued interest on October 1, 2005. The table below reflects the principal amount of bonds tendered as of the close of business on September 15, 2005.

    Series Maturity CUSIP Principal Principal

     Number Amount Amount

     Outstanding Tendered

    1993-A Oct. 1, 2006 789189AN7 135,000 115,000

    1993-A Oct. 1, 2007 789189AP2 140,000 140,000

    1993-A Oct. 1, 2008 789189AQ0 145,000 105,000

    1993-A Oct. 1, 2016 789189AS6 1,495,000 1,270,000

    1993-B Oct. 1, 2006 789186AH6 100,000 75,000

    1993-B Oct. 1, 2007 789186AJ2 100,000 90,000

    1993-B Oct. 1, 2008 789186AK9 100,000 70,000

    1993-B Oct. 1, 2023 789186AM5 1,950,000 1,810,000

    1993-C Oct. 1, 2006 789162CA0 255,000 255,000

    1993-C Oct. 1, 2007 789162CB8 265,000 255,000

    1993-C Oct. 1, 2008 789162CC6 280,000 270,000

    1993-C Oct. 1, 2013 789162CD4 8,750,000 8,220,000

    1993-C Oct. 1, 2020 789162CE2 24,650,000 22,860,000

    JPMorgan Securities Inc. is acting a Dealer Manager for the Offers. Copies of the Offer documents may be obtained from D.F. King & Co., Inc., which is serving as Information Agent, at (212) 269-5550.
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