Client Transactions

Melio & Company advised the Washington Health Care Facilities Authority on the issuance of $77.635 million of Series 2015A Fixed Rate Bonds.

In August 2015, on behalf of Providence Health & Services, the Washington Health Care Facilities Authority issued $77,635,000 of Series 2015A fixed rate revenue bonds. The bonds were underwritten by Bank of America Merrill Lynch and Morgan Stanley.

The proceeds of the sale of the Series 2015A Bonds will be loaned to Providence Health & Services (“PH&S”), and Western HealthConnect (“WHC”) for the purpose of providing funds necessary to (i) finance or reimburse the costs of acquiring, constructing, remodeling, renovating, equipping and improving health care facilities in Washington owned and/or operated by PH&S, WHC and/or certain of their Washington affiliates, and (ii) pay costs of issuance relating to the Series 2015A Bonds.