Client Transactions

Melio & Company advised the Washington Health Care Facilities Authority on the issuance of $210.86 million of Series 2016D&E Direct Purchase Fixed Rate Bonds.

In September 2016, on behalf of Providence St. Joseph Health, the Washington Health Care Facilities Authority issued $210,860,000 of Series 2016D&E direct purchase fixed rate revenue bonds. The Series 2016D bonds were purchased by Wells Fargo and the Series 2016E bonds were purchased by Banc of America Public Capital Corp. In September 2016, on behalf of Providence St. Joseph Health, the Washington Health Care Facilities Authority issued $210,860,000 of Series 2016D&E direct purchase fixed rate revenue bonds. The Series 2016D bonds were purchased by Wells Fargo and the Series 2016E bonds were purchased by Banc of America Public Capital Corp.

The proceeds from the sale of the bonds will be loaned to Providence St. Joseph Health for the purpose of providing part of the funds necessary to refund, on a current basis, and defease all of the outstanding Washington Health Care Facilities Authority Revenue Bonds, Series 2006A (Providence Health & Services), and to pay costs of issuing the Series 2016D&E Bonds.