Loans in Process
| Obligor: | Seattle Children’s Hospital (Children’s) is a not-for-profit regional pediatric medical center and research institute licensed for 254 beds. Its 254 beds are distributed among more than seven discrete inpatient clinical nursing units: infant/neonatal intensive care, pediatric intensive care, hematology/oncology, acute rehabilitation, psychiatric care, complex care and general medical/surgical services. Children’s medical staff consists of approximately 924 active members. Children’s offers a full range of inpatient and outpatient diagnostic and therapeutic services and related ancillary services. Children’s is affiliated with the University Of Washington School Of Medicine and is the primary practice site for the pediatric faculty of the School. |
| Loan Size: | $230,000,000 |
| Description of Loan: | The proceeds of the bonds will be used for: (1) elimination of the Bank of America letters of credit (LOC's) on the Series 2008A and 2008B Variable Rate Demand Bonds by either refunding the bonds, replacing the LOC's, or a combination of the two; (2) refunding a portion of the Series 2009 Bonds for debt service savings; (3) funding $50 million of capital expenditures; and (4) funding eligible costs of issuance. |
| Interest Cost Savings: | Based on current estimated taxable vs. tax exempt rates, net present value savings is approximately $26.98 million. |
| Underwriter: | Goldman Sachs & Co. |
| Closing Date: | TBD |
| |
| Obligor: | Okanogan Behavioral HealthCare provides counseling, case management, life skills training, treatment, prevention, education, and assists with supportive housing to persons with mental health, chemical dependency, and/or developmental disability issues or concerns. |
| Loan Size: | $2,990,292 |
| Description of Loan: | Quick Loan - Private Placement. Proceeds will be used to refinance a taxable mortgage loan. |
| Interest Cost Savings: | TBD |
| Underwriter: | Bond Purchaser - US Bank |
| Closing Date: | January 23, 2012 |
| |
| Obligor: | Harrison Medical Center (“Harrison”) is a Washington nonprofit corporation that owns and operates 297 licensed beds within two acute care facilities. Harrison provides acute medical and surgical services, emergency services, home health and a range of other general and specialized services to residents of the Kitsap Peninsula and adjacent areas. Harrison operates urgent/primary care physician clinics in Poulsbo, Port Orchard and Belfair; medical oncology physician clinics in Bremerton and Poulsbo; cardiothoracic surgical services and vascular/thoracic physician clinic in Bremerton, a urology clinic in Bremerton, a rheumatology clinic in Port Orchard, a general surgical clinic in Bremerton, and a plastic/reconstructive surgery practice in Bremerton. |
| Loan Size: | $35,000,000 |
| Description of Loan: | Harrison is requesting financial assistance for the expansion and renovation of its Silverdale campus and the purchase of routine capital equipment for all Washington campus locations. |
| Interest Cost Savings: | Harrison estimates the aggregate savings of approximately $4.85 million based on current estimates of taxable versus tax-exempt interest rates. |
| Underwriter: | Bond Purchaser - J.P. Morgan Chase Bank |
| Closing Date: | March 21, 2012 |
| |
Loans in Process
Home
|
Current News |
Loans in
Process | Recent Loans |
Interest Rates |
Meeting Schedule |
Meeting Agendas
Loan Programs | Our Purpose |
Loan Applications | Contact Us
Copyright Washington Health Care Facility Authority; All Rights Reserved