Client Transactions

Melio & Company advised The University of Chicago Medical Center on the issuance of $187.32 million of Series 2016 Fixed Rate Bonds.

In October 2016, on behalf of the University of Chicago Medical Center, the Illinois Finance Authority issued $22,830,000 of Series 2016A and $164,490,000 of Series 2016B fixed rate revenue bonds. The bonds were underwritten by J.P. Morgan, Citigroup, and Loop Capital Markets.

The proceeds of the sale of the Series 2016 Bonds will be used, together with certain other funds, to (i) advance refund a portion of the Illinois Finance Authority Revenue Refunding Bonds, Series 2009B; (ii) advance refund all of the outstanding Illinois Finance Authority Revenue Bonds, Series 2009C and Series 2011C; and (iii) pay certain expenses incurred in connection with the issuance of the Series 2016 Bonds and the refunding of the refunded Bonds.