We closed four separate transactions for Covenant Health totaling more than $400 million in new financings and refinancings. The centerpiece of these transactions was a publicly-offered bond issued in the principal amount of $185.5 million. This bond issue financed $120 million of capital improvements for Covenant as well as refinanced outstanding debt.
Covenant Health is the largest healthcare provider in East Tennessee, and one of the largest nonprofit healthcare providers in Tennessee.
We closed four separate transactions for Covenant Health totaling more than $400 million in new financings and refinancings. The centerpiece of these transactions was a publicly-offered bond issued in the principal amount of $185.5 million. This bond issue financed $120 million of capital improvements for Covenant as well as refinanced outstanding debt.
Covenant Health is the largest healthcare provider in East Tennessee, and one of the largest nonprofit healthcare providers in Tennessee.