Cases & Deals

Goldman Sachs underwrites Presbyterian Healthcare tax-exempt bonds

Clients Goldman Sachs & Co.

Jones Day's Health Care Finance Practice acted as underwriter’s counsel to Goldman Sachs & Co., in connection with the issuance of $204,960,000 New Mexico Hospital Equipment Loan Council Hospital System Revenue Refunding Bonds (Presbyterian Healthcare Services) Series 2005A and Series 2005B. The proceeds of the bonds were used to refinance a portion of certain outstanding bonds issued by the Council, and to pay certain expenses of issuing the Series 2005 Bonds. The scheduled payment of principal and interest on the bonds was guaranteed by a municipal bond insurance policy issued by Financial Security Assurance Inc. Payment of the tender price of the bonds were secured by a Standby Bond Purchase Agreement provided by Citibank, N.A. Presbyterian Healthcare Services is headquartered in Albuquerque, New Mexico and owns, leases, controls, operates or manages a variety of healthcare-related organizations throughout the state of New Mexico.

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