Bracewell LLP advised Houston Methodist on the deal.
Houston Methodist issued $530 million Taxable Revenue Bonds, Series 2020A and Harris County Cultural Education Facilities Finance Corporation issued $370 million Tax-Exempt Revenue Bonds, Series 2020B for the benefit of Houston Methodist.
Houston Methodist operates seven full service hospitals in the Houston area along with a variety of other health facilities. Its flagship location in Houston’s Texas Medical Center is ranked the number 1 hospital in Texas by US News & World Report.
The bond proceeds will finance expansions and renovations at a number of Houston Methodist’s locations in the Houston area, including The Woodlands, Sugar Land, Baytown and the Texas Medical Center.
The Bracewell team was led by Cristy C. Edwards (Picture), R. Todd Greenwalt, Brian P. Teaff, Nancy C. LeGros, Matthew B. Grunert, Peggy B. Christman and Paige H. Abernathy.
Law Firms: Bracewell;
Clients: Houston Methodist Hospital;