Client Transactions

Melio & Company advised Phoenix Children’s Hospital on the issuance of $284.6 million of Series 2012A fixed rate bonds.

Phoenix Children's Hospital logo

In August 2012, on behalf of the Phoenix Children’s Hospital, Arizona Health Facilities Authority issued $284,605,000 of Series 2012A fixed rate refunding bonds. The bonds were underwritten by J.P. Morgan and BofA Merrill Lynch.

The proceeds from the sale of the bonds will be used to retire certain of the Authority’s currently outstanding Hospital Revenue Bonds, Series 2007 Bonds; pay termination payments to an interest rate swap provider in connection with the retirement of certain of the 2007 Bonds; fund a debt service reserve fund; and pay certain costs of issuing the Bonds.