Melio & Company advised on the renewal of a $75,000,000 LOC on 2006B Bonds with Harris Bank
In June 2011, on behalf of Loyola University Medical Center, Melio & Company assisted in organizing meetings with several prospective LOC providers as Loyola University Medical Center began merger discussions with Trinity Health. The LOC for the Series 2006B Bonds would expire prior to an executed merger, and the LOC replacement would require flexibility for a future merger. Through the LOC replacement process, Melio & Company was able to secure the lowest cost and most favorable terms for Loyola University Medical Center and its future merger with Trinity Health.
The LOC for the Series 2006B Bonds was renewed with Harris Bank.