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CSCDA Issues $157,935,000 in Tax-Exempt Bonds for Marin General Hospital


May 23, 2018

The California Statewide Communities Development Authority (CSCDA) is pleased to announce the issuance of $157,935,000 in tax-exempt bonds for Marin General Hospital in Greenbrae, California.

About Marin General Hospital:

Marin General Hospital (MGH) currently operates a 235-bed tertiary care hospital located in Greenbrae, California.  A mainstay of Marin County healthcare since 1952, MGH has seen a five-fold population increase since it first opened its doors.  MGH is the only labor and delivery unit in Marin County and its Level III Trauma Center and Emergency Department receives 70% of the County’s ambulance traffic.

About the Financing:

CSCDA partnered with Morgan Stanley, Stifel and Orrick, Herrington & Sutcliffe, LLP to provide the $157,935,000 in Series 2018 bonds.  The Series 2018 bonds were issued to provide financing for a four-story, 260,000 square-foot replacement hospital building; a five-story, 100,000 square-foot ambulatory services building; and parking structure.

About CSCDA:

CSCDA is a joint powers authority created in 1988 and is sponsored by the California State Association of Counties and the League of California Cities.  More than 530 cities, counties and special districts are program participants in CSCDA, which serves as their conduit issuer and provides access to efficiently finance locally-approved projects.  CSCDA has issued more than $60 billion in tax exempt bonds for projects that provide a public benefit by creating jobs, affordable housing, healthcare, infrastructure, schools and other fundamental services.

For more information about CSCDA, please visit: www.cscda.org

For more information about Marin General Hospital, please visit: www.maringeneral.org

CLICK HERE to download a PDF version of this announcement 
 
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