Client Transactions

Melio & Company advised Partners HealthCare System on the issuance of $423.99 million of Series Q (2016) Fixed Rate Bonds.

In January 2016, on behalf of Partners HealthCare System, Massachusetts Development Finance Authority issued $423,990,000 of Series Q (2016) fixed rate revenue bonds. The bonds were underwritten by J.P. Morgan, Bank of America Merrill Lynch, Barclays, BNY Mellon Capital Markets, Jefferies, TD Securities, US Bancorp and Wells Fargo Securities.

The proceeds from the sale of the Series Q Bonds will be used to (i) finance a number of capital projects for Partners and its affiliates; (ii) refinance a drawing made by Partners on a line of credit, the proceeds of which drawing were used to fund the mandatory tender of Series K-4 Bonds; (iii) refund a portion of Series F-5 and Series G-6 Bonds; and (iv) pay certain costs and expenses incurred in connection with the issuance of the Series Q Bonds