TITLE

University of Maryland Medical System Folds Six Groups Into One

AUTHOR(S)
Newman, Emily
PUB. DATE
January 2005
SOURCE
Bond Buyer;Deal of The Year Awards, p20
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
15749991

 

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