Client Transactions

Melio & Company advised the Washington Health Care Facilities Authority on the issuance of $771.4 million of Series 2012A, B, C & D bonds.

Washington HealthCare Facilities

In June 2012, the Washington Health Care Facilities Authority issued $511,370,000 of Series 2012A fixed rate revenue bonds and $260,000,000 of Series 2012B, C & D variable rate revenue bonds. The bonds were underwritten by Bank of America Merill Lynch and Goldman, Sachs & Co.

The proceeds from the sale of the bonds will be loaned to Providence Health & Services for the purpose of providing funds necessary to (1) refinance certain existing indebtedness of Swedish Heath Services, the new obligated group member, and thereby defease the prior bonds; and (2) to pay the expense incurred in connection with the issuance of the Series 2012 bonds.