Borrower: The cornerstone of the mission of Providence Health & Services is to provide quality care that is accessible for all in its communities, through its system of 27 acute care hospitals and related services in five western states.
Amount of Loan: $78,190,000
Closed: September 18, 2103
Underwriter: Bank of America Merrill Lynch
Description of Loan: This financing project allowed Providence to refund a portion of outstanding bonds previously issued through two other issuers, with the goal of achieving savings. This is Providence’s second offering through OFA and the Office of the State Treasurer.
Type of Loan: Traditional Bond – Public Offering