Client Transactions

Melio & Company advised Phoenix Children’s Hospital on the issuance of $150 million of index rate Series 2013A-1 & A-2 bonds

Phoenix Children's hospital

In February 2013, on behalf of the Phoenix Children’s Hospital, Arizona Health Facilities Authority issued $150,000,000 of the Series 2013A-1 & A-2 index rate revenue refunding bonds. Pursuant to the Bond Purchase Contract with the Hospital, the bonds were underwritten by Bank of America Merrill Lynch.

The proceeds of bonds will be used (a) to refund on a current basis a portion of the Authority’s currently outstanding Hospital Revenue Bonds, Series 2007A, Series 2007B and Series 2007C, (b) to fund a separate debt service reserve fund for each series of Bonds, and (c) pay certain costs of issuing the Bonds.