Pricing Date: August 24, 2021 Current Settlement Date: September 9, 2021 Expected Forward Settlement Date: March 17, 2022 $15,000,000 Series 2021A Tax-Exempt Fixed Rate Bonds $49,000,000 Series 2022A Tax-Exempt Forward Delivery Bonds Objectives St. Luke’s Hospital of Duluth (“St. Luke’s”) sought to take advantage of historically low interest rates and reduce interest rate risk by … Continued
Pricing Date: August 19, 2021 Closing Date: September 9, 2021 $199,000,000 Series 2021A Tax-Exempt Fixed Rate Bonds $107,000,000 Series 2021B Taxable Fixed Rate Bonds Objectives Front Porch Communities and Services (“Front Porch”) acquired Covia Group (“Covia”) in April 2021 and sought to consolidate outstanding debt into one obligated group and Master Trust Indenture with the … Continued
Pricing Date: July 15, 2021 Closing Date: August 17, 2021 $225,710,000 Series 2021 Bonds Objectives Lakeland Regional Health (“LRH”) sought to finance a payment to the City of Lakeland in connection with amending its existing lease in perpetuity, the construction of a 96-bed behavioral health facility and a current refunding of its 2011 Bonds. Challenges … Continued
Bond Sale Date: July 14, 2021 Expected Closing Date: August 12, 2021 $99,550,000 Series 2021A Tax-Exempt Fixed Rate Bonds Objectives Gundersen Health System (“Gundersen”) took advantage of historically attractive market conditions to refinance its Series 2011A bonds to significantly reduce interest expense. As part of the financing, Gundersen also implemented a new, more flexible Master … Continued