City of Hope received approval Tuesday from the Illinois Finance Authority to refund up to $650 million of bonds sold last year to refinance a taxable bridge loan for its purchase of Cancer Treatment Centers of America facilities in Illinois, Arizona, and Georgia.
The refunding was among $1.3 billion in conduit financings approved by the authority at its meeting Tuesday.
California-based nonprofit City of Hope will place the tax-exempt or taxable refunding bonds that will carry a maximum final maturity in 2063 with Bank of America, which also purchased the 2022 bonds, according to IFA documents, The Bond Buyer reports. Read more.
