$950 Million Dollar Bond Issuance for Ballad Health

We served as bond counsel to Ballad Health for a $950 million bond issue to finance new healthcare facilities and refinance certain existing debt. Approximately $820 million of the bond issue is tax-exempt, and the refinancing portion resulted in approximately $40 million in net present value savings.

Ballad Health is a nonprofit healthcare system that was created by the merger of Mountain States Health Alliance and Wellmont Health System and is the primary hospital system in upper East Tennessee (Tri-Cities area) and Southwest Virginia.

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