Bond proceed provided for the refunding of the Hospital's 2005 Series B, 2007 Series C&D bond issues, and to fund approximately $2.5 million for capital expenditures. The Series E & F issues were a variable rate private placement with a 5-year tender date.
Bond proceeds provided for reimbursement to the Hospital for expenses incurred for construction of a new Patient Tower. The Series K bonds were sold with one term bond in 2046 with a 4% coupon at a price of $106.93.
Bond proceeds provided for the partial refunding of the Hospital's 2007 Series C and 2010 Series E bond issues. The issue was structured with a 15-year put, and the refundings achieved over $4.9 million in net present value savings.
Bond proceeds financed the expansion of the Hospital's Emergency Department to provide an increased number of treatment rooms; the relocation of the Cardio Diagnostics department; and acquisition of two properties which will be used for medical, administrative and/or other hospital purposes.
Submitted by kfontaine on August 28, 2015 - 4:28pm
CHEFA recently awarded $143,800 through its Targeted Investment Program to Hartford Hospital for first responder training to improve survivability from emergency events, including mass casualty for police, fire and rescue personnel.