Multiple Options for Refunding or Refinancing Debt for Hospitals and Health Systems
The current low interest rate environment provides a compelling opportunity to refund or refinance outstanding debt to reduce your hospital’s operating cost and improve cash flow. In addition, refunding or refinancing can also be used to remove burdensome or restrictive covenants imposed by the terms of the outstanding debt.
Lancaster Pollard’s experience refunding and refinancing hospital debt runs the spectrum of options from current and advance refunding of bonds, to private placements and bank-qualified debt, and government agency programs, such as the HUD/FHA Sec. 242/223(f) and HUD/FHA Sec. 242/223(a)(7) programs. Access to all options enables us to improve the financial health of your organization by reducing its cost of capital and eliminating or loosening restrictive covenants.
Additional information about Lancaster Pollard's Refunding and Refinancing Options: