Client Transactions

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

Washington HealthCare Facilities

In November 2012, the Washington Health Care Facilities Authority issued $60,000,000 of Series 2012A fixed rate revenue bonds. The bonds were underwritten by Barclays, Wells Fargo Securities and J.P. Morgan.

The proceeds from the sale of the bonds will be lent to MultiCare Health System (“MHS”) and will be used together with other funds for the purpose of (1) financing or reimbursing a portion of the costs of acquisition, construction, remodeling, renovating and equipping of health care facilities owned and operated by MHS and/or its affiliates, including reimbursing MHS for a portion of the costs of acquiring Auburn Regional Medical Center; and (2) pay certain costs of issuing the Series 2012A Bonds.