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Northwest Kidney Center

Application Acceptance: June 13, 2019. Please note all information provided below is as of the date of the application submission with the exception of Loan Size & Closing Date.

Obligor: Northwest Kidney Centers (NKC) is a Washington not-for-profit corporation providing outpatient dialysis services at 17 facilities located within King County, and one facility located in Clallam County, supporting a total of 331 licensed stations and a home dialysis program for eligible patients. In addition, NKC provides inpatient dialysis services at eight hospitals. NKC services are supported by a staff of 700 full time equivalents and an active medical staff comprised of 54 physicians.

Loan Size: $9,525,000

Description of Loan: Proceeds of the loan will be used for the renovation of its existing Bellevue Kidney Center and the acquisition of its existing leased Renton Kidney Center, refinancing of its WHCFA Series 2012 Revenue Bond and payment of issuance costs

Interest Cost Savings: NKC estimates that it will save approximately $1,547,277 over the life of the loan based on current estimated taxable interest rates versus tax-exempt interest rates. This avoided interest expense will favorably impact the future pricing for NKC patient services, to the benefit of NKC patients and the community.

Purchaser: U.S. Bank National Association

Closing Date: August 28, 2019