Melio & Company advised Geisinger Health System on the issuance of $100.00 million of variable rate Health System Revenue Bonds
In June 2010, on behalf of Geisinger Health System, the Geisinger Authority issued $100,000,000 of Health System Revenue Bonds, Series 2011B&C. The bonds were underwritten by J.P. Morgan, and have a J.P. Morgan Chase Stand-by Bond Purchase Agreement.
The bond proceeds were used together with other moneys of the System to finance a pooled loan program and to make loans to members of the Obligated Group and System Affiliates for the purpose of the financing, refunding and reimbursing the costs of capital projects. The Foundation expects to pay all cost of issuance of the Series 2011B&C Bonds from its own funds.