HFA Partners served as Financial Advisor to University Health on a $30 million taxable line of credit to fund working capital needs. The facility is secured by accounts receivable and draws can be made based on a fixed or variable rate at the borrower's option. HFA assisted with the analysis of structural options, negotiations, and transaction execution and closing support. The debt was placed with a commercial lender. University Health is a Louisiana private, not-for-profit 501c3 health system with two acute care hospitals. UH is a clinical partner of the LSU Health Shreveport School of Medicine.
Engagement Type: Bank Debt
Features: Taxable, Receivables, Working Capital.