Bond Series: 2016 Series A Tax-Exempt
Closed: June 1, 2016
Bond Size: 10.5 million
Credit Rating: Not Rated
Credit Enhancement: None
Purchaser: Peoples United Muni Finance
Interest Rate: 1.683%
Final Maturity: 2027
Purpose: The bonds will be used to: i) refund Brattleboro Memorial Hospital’s outstanding 2008-A bonds; ii) purchase medical equipment; and iii) pay for issuance costs related to the financing.
Project Benefit: The Hospital will realize economic savings from the refunding. The loan will amortize over 11 years, will allow BMH to lock in historically low interest rates, and reduce its renewal, remarketing and bank exposure risks.
Economic Benefits: N/A