Helen Porter Medical Center

Bond Series: 2015 Series A

Closed: August 6, 2015

Bond Size: $15,750,000

Credit Rating:

Purchaser: People’s United Bank

Interest Rate: Fixed rate, 2.8508%

Final Maturity: 2035

Yield: N/A

Purpose: The bonds will be used to: i) refund Porter’s outstanding $12.65 million 2006-A hospital bonds; ii) refund Porter’s outstanding $3.10 million 2000-A nursing home bonds; and iii) pay for issuance costs related to the financings.

Project Benefit: The financings are expected to save the Porter Medical Center $2.41 million over the life of the bonds. The 2015 bonds will also reduce the Center’s variable interest rate exposure, eliminate remarketing risk and the risk of a downgrade to the Letter of Credit provider.