Melio & Company advised Oregon Health & Science University on the issuance of $50 million of Series 2016A (Tax-Exempt) Direct Purchase Bonds.
In February 2016, Oregon Health & Science University issued $50,000,000 of Tax-Exempt Direct Purchase Bonds. The financing partner for the transaction was J.P. Morgan.
Melio & Company ran a competitive request for proposal process, encompassing various bank products. This allowed Oregon Health & Science University to secure long-dated, low-cost credit commitments, while diversifying bank and renewal risk.
The proceeds from the sale of the 2016A Bonds were used to (i) finance new money projects. The transaction costs were paid with an equity contribution.