Melio & Company advised Jefferson Health System on the issuance of $60.1 million of Series 2012A Fixed Rate Health System Revenue Bonds.
In June 2012, on behalf of Jefferson Health System, the Montgomery County Industrial Development Authority issued $60,090,000 of Health System Revenue Bonds, Series 2012A. The bonds were underwritten byJ.P. Morgan, Citigroup Global Markets, and Wells Fargo Securities.
The proceeds from the sale of the bonds will be used for: (i)the acquisition and construction of certain health care facilities of Main Line Health; (ii) therefunding of the outstanding Series 2007 Main Line Health Revenue Bonds; and (iii) for the costs and expenses incurred in connection with the issuance of the Series 2012A Bonds.