Client Transactions

Melio & Company advised Partners HealthCare System on the issuance of $267.615 million of Series 2015 O-1 and O-2 Fixed Rate Bonds.

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In January 2015, on behalf of Partners HealthCare System, Massachusetts Development Finance Authority issued $267,615,000 of Series 2015 O-1 and O-2 fixed rate revenue bonds. The bonds were underwritten by J.P. Morgan, Bank of America Merrill Lynch, Barclays, BNY Mellon Capital Markets, TD Securities, US Bancorp and Wells Fargo Securities.

The proceeds from the sale of the Series O-1 Bonds will be used to (i) finance a number of capital projects for Partners and its affiliates; and (ii) pay certain costs and expenses incurred in connection with the issuance of the Series O-1 Bonds. The proceeds from the sale of the Series O-2 Bond will be used to (i) refund a portion of the Massachusetts Health and Educational Facilities Authority Revenue Bonds, Partners HealthCare System Issue, Series F-5 and Revenue Bonds, Partners HealthCare System, Series G-5 and; (ii) pay certain costs and expenses incurred in connection with the issuance of the Series O-2 Bonds.