The issuance would include refunding all or part of a bond series totaling about $1.4 billion, as well as issuing about $300 million of tax-exempt bonds, according to a municipal bond filing.
The filing states that the $300 million would be issued to cover the cost of “the acquisition, construction, renovation and equipping of new and existing Trinity Health facilities or refinancing such expenditures.”
As far as refunding the $1.4 billion in bonds, Trinity Health said the health system is considering refinancing opportunities which would reduce interest costs and provide significant savings to Trinity Health and its member entities.
“These refinancing opportunities are market-dependent and, if pursued, are required to be refinanced with taxable debt,” the health system said.
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