University of Maryland Medical System Folds Six Groups Into One

Newman, Emily
January 2005
Bond Buyer;Deal of The Year Awards, p20
Trade Publication
Focuses on the consolidation of the debt of University of Maryland Medical System (UMMS) in Baltimore into a single obligated group after acquiring several hospitals that entered the system with debt already outstanding. Anticipation of the UMMS officials to achieve some interest rate savings through partial financing and convert fixed-rated debt to variable rate; Comment of UMMS chief financial officer Robert Chrenéik, on the achievement of the system's goal due to the bond sale; Enumeration of the four series of bonds sold by UMMS.


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