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.
Features: Tax Exempt, Bank, Placement
Frequently Asked Questions
Notify me of new articles
To be notified by email of all new articles and newsletter issues, please register.
I forgot my login info
Your email is your user ID. To reset your password, enter your email address here.
Do you provide speakers?
HFA professionals are available to speak at corporate functions, Board retreats, and other events. To find out more, email us.