Dignity Health closes three simultaneous financing solutions

Manatt represented Dignity Health, a California-based not-for-profit corporation that operates hospitals and ancillary care facilities in 17 states, in closing a $270,095,000 tax-exempt bond financing, a $400,000,000 taxable term loan from Bank of America Merrill Lynch and a $250,000,000 taxable term loan from Sumitomo Mitsui Banking Corporation. These transactions will allow for the refinancing of approximately 20% of Dignity Health’s senior debt.

Client

Dignity Health (fka Catholic Healthcare West)

Service Type

Healthcare Finance

Industry

Healthcare, Hospitals / Health Systems

Office

Los Angeles