Healthcare Organization Issues Billion Dollar Revenue Bonds
Featured Municipal Bond in the Market, Week of 04/25/2016
This week’s featured municipal bond comes from Ascension Health, a faith-based healthcare organization based in Missouri, is scheduled to issue a $1,855 million revenue bond, secured by pledged revenues under Bond Indenture, primarily derived from loan repayments, the week of April 25, 2016. The plans for the proceeds are expected to be used to finance or reimburse Ascension for capital expenditures in multiple states, and to refund previously issued bonds. Specific and complete security information is available in Ascension’s preliminary official statement, which can currently be found on MuniOS.
Provided at left is a quick snapshot of financial characteristics of Ascension, compared with other health systems, courtesy of Merritt Research Services, LLC. (Merritt believes the data to be reliable but does not make any representations as to its accuracy or completeness). In addition, more information can be found on our municipal bond calendar, city, state, and county pages, and our employment database. These facts and numbers are for informational purposes, and should not be considered an official disclosure for potential investors. Investors should consult the official statement.