...Sale Information: $395,880,000 Maryland Health and Higher Educational Facilities Authority Revenue Bonds, MedStar Health Issue, Series 2017A, scheduled to be sold June 20 via negotiation. Security: MedStar Health's (MedStar, or the system) master trust indenture (MTI). MedStar is the sole member of the obligated group (OG); each subsidiary is an affiliate. The affiliates, which include all of the system hospitals, entered into debt service guaranty agreements that assure payment under the MTI. The bonds are secured by pledges of gross revenues and are currently secured by mortgages on the system hospitals, although the MTI is being amended to allow for the elimination of mortgages if 50% of all obligation holders consent. Purpose: To finance the majority of MedStar's new inpatient and surgical pavilion at MedStar Georgetown University Hospital (MGUH) and other major capital projects at the system, and pay issuance costs. Final Maturity: May 15, 2047....
