Client Transactions

Melio & Company advised Trinity Health on the issuance of $100 million of Series 2015MI (FRN) Floating Rate Bonds.

Trinity Health logo

In March 2015, on behalf of Trinity Health, Michigan Finance Authority issued $100,000,000 of Series 2015MI (FRN) Floating Rate Bonds. After a competitive bid process amongst five firms run by Melio & Company, the bonds were awarded to Bank of America Merrill Lynch, which provided Trinity Health the lowest cost of capital and most favorable terms.

The proceeds of the sale of the Series 2015MI (FRN) Bonds will be used to (i) finance or refinance the costs of the acquisition, construction and equipping of health care facilities owned and operated by the Corporate or its affiliates; (ii) redeem certain bonds previously issued by certain conduit issuers for the benefit of the Corporation, Catholic Health East and their affiliates, and; (iii) pay certain costs of issuing the Bonds.