Dinsmore & Shohl issued the following announcement on Dec. 10.
We are proud to announce The Bond Buyer has awarded a Dinsmore health care financing as its 2020 Deal of the Year in the Health Care Financing category. It is one of 10 finalists for overall Deal of the Year, which will be announced on Dec. 16.
The awarded deal was the $1.16 billion aggregate principal amount of bonds issued in April for Bon Secours Mercy Health, Inc., and its nonprofit affiliates. According to The Bond Buyer, the financing helped “pave the way for the reopening of the capital markets for not-for-profit health systems amid the pandemic.”
The plan of finance involved the County of Allen, Ohio, the South Carolina Jobs-Economic Development Authority, and the Virginia Small Business Financing Authority as the issuers of the tax-exempt bonds portion of the financing, as well as the issuance of a series of taxable bonds by Bon Secours Mercy Health, Inc.
Dinsmore served as bond counsel for the financing, which involved the public offering of tax-exempt and taxable bonds to finance or refinance health care facilities located in Ohio, South Carolina and Virginia.
Original source can be found here.