University of Vermont Medical Center

Bond Series: 2016 Series B Tax-Exempt

Closed: July 28, 2016

Bond Size: $89,000,000

Credit Rating: Moody's A3; S&P A-; Fitch A-

Credit Enhancement: None

Underwriter: CitiGroup

Interest Rate: Fixed rate, 3.125% to 5.0%

Final Maturity: 2046

Purpose: The bonds will be used to: i) construct an inpatient single room facility on the UVM-MC campus; and ii) pay for issuance costs related to the financing.

Project Benefit: The new project will replace outdated facilities and will allow the Medical Center to meet its current and community needs for inpatient care.