Client Transactions

Melio & Company advised on the replacement of $85,200,000 SBPA on 2001A&B Bonds with Bank of Montreal

In July 2011, on behalf of Cone Health, Melio & Company issued an RFP for liquidity capacity, pricing, terms, and structuring options for over $280 million, of which included $85.2 million SBPA for the Series 2001A&B Bonds. Through the RFP process, Cone Health was able to diversify bank exposure and reduce puttable debt while securing the lowest cost and most favorable terms.

The SBPA for the Series 2001A&B variable rate demand revenue bonds was replaced with Bank of Montreal.