Borrower: Providence Health & Services seeks to enhance community health and achieve high value through quality services across a continuum of care. It provides a comprehensive system of healthcare and healthcare related services to residents of the Willamette Valley, the Oregon coast and other Oregon communities.
Amount of Loan: $71,070,000
Closed: September 30, 2015
Underwriter: Bank of America Merrill Lynch
Description of Loan: The Project was undertaken to finance costs relating to structural, safety and aesthetic updates to the main patient tower at Providence St. Vincent Medical Center. This was Providence’s third financing through OFA.
Type of Loan: Traditional Bond – Direct Placement