Client Transactions

Melio & Company advised the Washington Health Care Facilities Authority on the issuance of $373.39 million of Series 2015 Fixed Rate Bonds.

In April 2015, on behalf of MultiCare Health System, the Washington Health Care Facilities Authority issued $87,710,000 of Series 2015A fixed rate revenue bonds and $285,680,000 of Series 2015B fixed rate revenue bonds. The bonds were underwritten by J.P. Morgan, Barclays and Wells Fargo.

The proceeds from the sale of the bonds will be loaned to MultiCare Health System (“MHS”) for the purpose of (i) financing or reimbursing a portion of the costs of acquiring, constructing, remodeling, renovating and equipping of health care facilities owned and operated by MHS and/or its affiliates, (ii) advance refunding the Washington Health Care Facilities Authority Series 2004 and Series 2008 revenue bonds, and (iii) paying certain costs of issuing the Series 2015 Bonds.