U.K.-based special purpose vehicle BY Chelmer PLC (ProjectCo) has used the funds to finance the design, construction, and maintenance of new facilities for Broomfield Hospital, in Chelmsford, Essex, for the Mid Essex Hospital Services National Health Service (NHS) Trust. The 35-year project agreement was signed on Dec. 6, 2007. The facilities comprise a five-storey, new-build, 600-bed hospital connected to the existing hospital and a new multistory car park. Following the completion of the 43-month construction period in July 2011, ProjectCo is responsible for hard facilities management (FM) and lifecycle services. Standard&Poor's Ratings Services' 'BBB-' long-term rating on the £192.65 million index-linked senior secured bonds (including £30 million of variation bonds) due 2043, issued by ProjectCo, reflects a composite
