Client Transactions

Melio & Company advised the Washington Health Care Facilities Authority on the issuance of $60 million of Series 2012 fixed rate bonds.

Washington HealthCare Facilities

In August 2012, the Washington Health Care Facilities Authority issued $60,000,000 of Series 2012 fixed rate revenue bonds. The bonds were underwritten by Piper Jaffray & Co.

The proceeds from the sale of the bonds will be used to provide funds necessary to (1) finance or reimburse the Medical Center for costs of acquisitioning, constructing, remodeling, renovating and equipping of certain health care facilities owned and operated by the Medical Center or its corporate parent, Kadlec Health System; (2) fund a deposit to the Reserve Account; and (3) pay costs of issuance for the bonds.