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ORANGE COUNTY BRIEFLY

Regency Completes Note Sale

July 01, 1996

TUSTIN — Regency Health Services Inc. said it has completed the private sale of $50 million of subordinated notes that mature in seven years. The company will pay 12.25% interest on the notes--a form of corporate IOU.

Regency, which operates nursing homes, also said that it plans next month to redeem $48.9 million worth of notes issued earlier.

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