Client Transactions

Melio & Company advised Cone Health on the issuance of $25 million of Series 2013B Bank Owned Bond Structure.

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In November 2013, Melio & Company served as financial advisor to Cone Health on the issuance of $25,000,000 of the Series 2013B fixed rate direct purchase bond structure with Bank of America.

The proceeds of the sale of the Series 2013B obligations will be used to pay or reimburse Cone Health for costs related to the acquisition of Alamance Regional Medical Center and Alamance Extended Care, and for new money needs.

The Series 2013B obligations were purchased by Bank of America through a Bank Owned Bond Structure.