Client Transactions

Melio & Company advised Jefferson Health System on the issuance of $183.395 million of Fixed Rate Health System Revenue Bonds

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In June 2010, on behalf of Jefferson Health System, the Hospitals and Higher Education Facilities Authority of Philadelphia issued $183,395,000 of Health System Revenue Bonds, Series 2010B. The bond proceeds were used to redeem prior bonds and to finance certain costs in connection with the 2010B bond issuance. 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.