Client Transactions

Melio & Company advised the Washington Health Care Facilities Authority on the issuance of $267.35 million of Series 2015 Fixed Rate Bonds.

In January 2015, on behalf of Seattle Childrens Hospital, the Washington Health Care Facilities Authority issued $100,000,000 of Series 2015A fixed rate revenue bonds and $167,350,000 of Series 2015B fixed rate refunding revenue bonds. The bonds were underwritten by J.P. Morgan, Morgan Stanley and Wells Fargo.

The proceeds from the sale of the bonds will be loaned to Seattle Childrens Hospital for the purpose of providing part of the funds necessary to (i) pay and/or reimburse for the costs of acquiring, constructing, remodeling, renovating, equipping and improving certain health care facilities owned and operated by Seattle Childrens Hospital, (ii) advance refund and defease all of the Washington Health Care Facilities Authority Series 2008C revenue bonds and a portion of the Series 2009 revenue bonds, and (iii) pay costs of issuing the Series 2015 Bonds.