Borrower: Formed from the combination of Good Samaritan Hospital and HealthLink in 1989, Legacy Health offers an integrated network of health care services in Oregon and southwestern Washington. Legacy Health includes five full-service hospitals as well as Randall Children’s Hospital.
Amount of Loan: $71,720,000
Closed: June 30, 2014
Purchasing Institution: Wells Fargo Bank, N.A.
Description of Loan: This financing project allowed Legacy to refinance two series of bonds previously issued through another issuer, generating significant savings for the institution. This is Legacy’s third financing through OFA and the Office of the State Treasurer.
Type of Loan: Traditional Bond – Direct Placement