Client Transactions

Melio & Company advised Jefferson Health System on the issuance of $164.510 million of Fixed Rate Health System Revenue Bonds

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In June 2010, on behalf of Jefferson Health System, the Chester County Health and Education Facilities Authority issued $164,510,000 of Health System revenue Bonds, Series 2010A. The bond proceeds were used to refund a portion of prior debt and to finance certain capital improvements for Main Line Health and Paoli Hospital. The bonds were underwritten by Citigroup, J.P. Morgan, BofA Merrill Lynch, Goldman Sachs, RBC Capital Markets and Wells Fargo Securities.

As financial advisor to Jefferson Health System, Melio & Company used market analysis to maximize distribution capabilities, assisted in structuring the syndicate and pricing negotiations. Melio & Company also conducted in-depth historical analysis on previous healthcare transactions across the country coupled with state specific transaction analysis. With the detailed market analysis, Melio & Company was able to provide market clarity to Jefferson Health System which assisted in demanding top-notch results from the underwriting team. As a result, the Jefferson Health System achieved very low spreads to MMD.