Melio & Company advised Partners HealthCare System on the issuance of $50 million of Series 2015 O-3 Index Floating Rate Bonds.
In January 2015, on behalf of Partners HealthCare System, Massachusetts Development Finance Authority issued $50,000,000 of Series 2015 O-3 Index Floating Rate Bonds. The bonds were underwritten by J.P. Morgan. Partners HealthCare System was able to secure the lowest cost of capital and most favorable terms.
The proceeds of the sale of the Series 2015 O-3 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-3 Bonds.