Cases & Deals

Bronson Methodist Hospital bonds underwritten by Citigroup Global Market

Clients Citigroup Global Markets Inc.

Jones Day's health care finance practice acted as underwriter’s counsel to Citigroup Global Markets, Inc., in connection with the issuance of $75,000,000 City of Kalamazoo Hospital Finance Authority Hospital Revenue Refunding Bonds (Bronson Methodist Hospital), Series 2006. The proceeds of the bonds will be used to refund certain outstanding bonds and to finance certain costs related to the issuance of the bonds. Both series of bonds were insured by a municipal bond insurance policy issued by MBIA Insurance Corporation, and the Series 2005B bonds were enhanced by a Standby Bond Purchase Agreement provided by National City Bank of the Midwest. Bronson Methodist Hospital operates a 368-bed acute care hospital in Kalamazoo, Michigan.

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