Client Transactions

Melio & Company advised Oregon Health& Science University on the issuance of $85.6 million of variable rate Series 2012B bonds.

Oregon Health & Science University logo

In May 2012, Oregon Health & Science University issued $85,570,000 of the Series 2012Bvariable rate revenue bonds as a part of a three sub-series bond issuance.Payment of principal and interest on each series of the Series 2012B will initially be secured by a separate direct-pay LOC, to be issued by Union Bank. Pursuant to Bond Purchase Contract with OHSU, the Series 2012-B-1 were underwritten by J.P. Morgan, the Series 2012B-2 were underwritten by Loop Capital Markets, and the Series 2012B-3 were underwritten by U.S. Bank.

Union Bank logo

The proceeds of the sale of theSeries 2012Bbonds will be used to (i) refund a portion of its Variable Rate Demand Revenue Bonds, Series 2009B-2, (ii) finance new capital projects, and (iii) pay certain costs of issuing the Bonds.