Highlands Regional Medical Center Restructures $27M in Debt

Share on Facebook
Highlands Regional Medical Center in Prestonsburg, Ky., recently obtained $27.3 million in direct funding to replace its expiring letters of credit enhancing a series of 2007 bonds.

Lancaster Pollard, a national investment banking and mortgage banking firm headquartered in Columbus, Ohio, advised the hospital in the deal.

The refunding consisted of a combination of taxable and tax-exempt variable rate bonds privately placed with a commercial bank and used to refund the 2007 enhanced variable rate demand bonds, according to Lancaster Pollard.

More Articles on Hospital Finance:

Wallowa County Health Care District Secures $3.45M in Funding for Care Center
Kennedy Health System Issues $66M in Bonds for Refunding, Financing New Projects

© Copyright ASC COMMUNICATIONS 2012. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.

 

New From Becker's Hospital CFO

Outpatient hospital Medicare spending up 126 percent

Read Now