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HFA Partners served as Financial Advisor to St. Tammany Parish Hospital on a $34 million tax-exempt financing to fund various capital projects, including the purchase of building, land, capital equipment and improvements to provide for the renovation and expansion of pharmacy, laboratory, central sterile areas, surgery, and parking garages. The bonds were issued at a fixed interest rate of 1.90% for ten years, interest only until 2025, and subject to a put in 2026. The final maturity of the debt is 15 years. HFA assisted with an analysis of funding options, management of a request for proposals, review of proposals and lender selection, transaction execution and closing support. The debt was placed with a single commercial bank on terms and covenants on par with the Hospital's outstanding bonds.

St. Tammany Parish Hospital is a 223-bed acute care hospital based in Covington, Louisiana.

Location: Louisiana

Features: Tax Exempt, Bank, Placement

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