Month: May 2022

Beaumont Spectrum Consolidation Series 2022A and 2022B

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Pricing Date: April 28, 2022 Settlement Date: May 12, 2022 $799,000,000 Series 2022A Tax-Exempt Fixed Rate Bonds $92,000,000 Series 2022B Tax-Exempt Fixed Rate Notes Objectives In February 2022, Spectrum Health and Beaumont Health combined to create BHSH System (“BHSH”). For the inaugural financing, BHSH sought to consolidate legacy Beaumont Health debt into Spectrum Health’s capital … Continued

St. Luke’s Duluth Series 2022B Tax-Exempt Fixed Rate Bonds

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Pricing Date: April 28, 2022 Settlement Date: May 12, 2022 $76,000,000 Series 2022B Tax-Exempt Fixed Rate Bonds Objectives With its 2022 financing, St. Luke’s Hospital of Duluth (“St. Luke’s”) sought to fund ~$70 million of new money capital needs to continue building phase 2 of its campus redevelopment plan. Given expected continuing interest rate increases, … Continued