The public finance industry’s leading newspaper, The Bond Buyer, has selected the Health and Educational Facilities Authority of the State of Missouri’s (MOHEFA) Health Facilities Revenue Bonds (SSM Health Care), Series 2014A-G, as the 2014 Deal of the Year for the health care sector.
Thompson Coburn attorney Mike Lause represented MOHEFA in connection with the 2014 SSM Health Care bond financing. MOHEFA issued the bonds on behalf of SSM Health Care as obligor. The complex $868 million financing involved the restructuring of SSM Health Care’s existing debt as well as funding for new capital projects. Goldman Sachs, Citibank and Wells Fargo served as senior managers on the seven series of publicly offered bonds. The plan of finance also included four direct placements of bonds with Union Bank, U.S. Bank, JP Morgan Chase Bank, and PNC Bank. St. Louis based SSM Health Care owns and operates 19 hospitals and two skilled nursing facilities in Missouri, Illinois, Oklahoma and Wisconsin.
MOHEFA is one of the nation’s most active issuers of revenue bonds for health care and educational facilities. Thompson Coburn has served as general counsel to MOHEFA since 1986 and has represented MOHEFA in connection with the issuance of approximately $2 billion in bonds during 2014 alone.
The Bond Buyer’s 2014 Deal of the Year Awards will be presented at The Waldorf Astoria in New York City in December.
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