Client Transactions

Melio & Company advised Phoenix Children’s Hospital on the issuance of $50 million of Series 2013B fixed rate bonds

Phoenix Children's hospital

In February 2013, on behalf of the Phoenix Children’s Hospital, Arizona Health Facilities Authority issued $50,000,000 of Series 2013B fixed rate revenue bonds. The bonds were underwritten by BofA Merrill Lynch.

The proceeds from the sale of the bonds will be used (a) to finance, refinance or reimburse costs of acquisition, improvement, renovation and equipping of hospital and other health care and support facilities owned or operated by the Hospital, (b) to refund on a current basis a portion of the Authority’s currently outstanding Hospital Revenue Bonds, Series 2007A, Series 2007B and Series 2007C, and (c) to pay certain costs of issuing the Bonds.