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Project Benefit: The new project will replace outdated facilities and will allow the Medical Center to meet its current and community needs for inpatient care.