Loans in Process
| Obligor: | Central Washington Hospital operates a 206-bed acute care hospital delivering a full range of health care services in Wenatchee, Washington and the North Central Washington area. |
| Loan Size: | $125,000,000 |
| Description of Loan: | Financing of new construction, equipment acquisition and potentially refinancing of existing debt. |
| Interest Cost Savings: | Estimated interest cost reduction of $25,000,000. |
| Underwriter: | Merrill Lynch |
| Closing Date: | TBD |
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| Obligor: | Seattle Children’s is a not-for-profit regional pediatric medical center licensed for 250 acute care beds. The Hospital’s medical staff consists of approximately 913 active members. Children’s provides a comprehensive range of inpatient and outpatient diagnostic and therapeutic services. Children’s is the only academic hospital devoted to the medical, surgical and development needs of children in the four-state area of Washington, Alaska, Montana and Idaho and is the largest provider of pediatric services in the Pacific Northwest. In addition to providing direct healthcare services, Children’s functions as a teaching and research institution. |
| Loan Size: | $135,000,000 |
| Description of Loan: | (1) Construct the Bellevue Ambulatory Facility Project and refinance a taxable line of credit used to pay construction costs on an interim basis prior to issuance of the bonds related to the Bellevue Ambulatory Facility Project; (2) Various capital renovation projects at the main campus and other Children’s locations; (3) Purchase new & replacement medical equipment (4) Other: costs of issuance; debt service reserve fund (if any), bond insurance premium (if applicable) and original issue discount (if any). |
| Interest Cost Savings: | Based on current estimates of taxable vs. tax exempt rates, the net present value savings is $38 million. |
| Underwriter: | Goldman, Sachs, & Co. |
| Closing Date: | TBD |
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| Obligor: | Yakima Valley Memorial Hospital provides inpatient services to include: obstetrics, psychiatry and pediatrics. Outpatient services include: cancer care (radiation and medical oncology), sleep medicine, hyperbaric therapy, wound care, breast imaging and cardiac rehabilitation. |
| Loan Size: | $5,000,000 |
| Description of Loan: | Private placement Quick Loan with Key bank to purchase equipment. |
| Interest Cost Savings: | $240,091 over the life of the loan based on current taxable interest rates versus tax-exempt interest rates. |
| Underwriter: | N/A |
| Closing Date: | TBD |
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| Obligor: | Interfaith Community Health Center ("ICHC") is a Federally Qualified Health Center (FQHC) that provides primary medical, dental and behavioral health services. For those who are uninsured, Interfaith provides a sliding fee scale that discounts charges according to household size and income. Interfaith is also a licensed mental health facility providing services under contract to the local Regional Support Network. ICHC operates clinics in three communities: Bellingham, Ferndale and Point Roberts, all of which are currently leased. For 2009, they have 108 budgeted full time equivalent staff. |
| Loan Size: | $4,150,000 |
| Description of Loan: | Private Placement with Banner bank to purchase clinic and administrative offices currently lease occupied in Bellingham. |
| Interest Cost Savings: | Approximately $1.3 million over the life of the loan. |
| Underwriter: | N/A |
| Closing Date: | TBD |
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Loans in Process
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