Pricing Date: September 17, 2020 $340,620,000 Series 2020AB Bonds: $40,620,000 Serial Bonds (2020A) $300,000,000 Term Bonds (2020B) Objectives Sharp HealthCare (“Sharp”) sought to take advantage of the current low rate environment to fund new money projects and refund existing debt to generate cash flow and present value savings. Challenges Achieving Index-Eligible pricing given $250 million … Continued
Pricing Date: September 2, 2020 $260,000,000 Senior Notes Due May 15, 2048 Objectives Given current favorable market conditions, Inova Health System (“Inova”) intended to take advantage of low fixed interest rates to replenish $180mm of cash used to fund purchase of campus property and pre-fund $75mm tax-exempt put bonds due in 2021. Challenges Given internal … Continued
Pricing Date: August 25, 2020 Closing Date: September 1, 2020 $102,000,000 Series 2020A Bonds $66,000,000 Series 2020B Bonds Objectives Flagler Health + (“Flagler”) took advantage of current favorable market conditions to fund the construction of three health villages to provide traditional health services and dedicated green spaces underserved rapidly growing communities in St. John’s County, … Continued