Gary Walsh, Maryann Kicenuik and Team Close a $100.6 Million Restructuring Financing

Monday, August 15, 2011

On August 9, 2011, Gary Walsh, Maryann Kicenuik, John Bitar and Laurie Schwartz closed a restructuring financing for the New Jersey Health Care Facilities Financing Authority for the benefit of St. Peter's University Hospital.

The financing totaled $100,640,000 principal amount of tax-exempt bonds and resulted in a savings on fixed rate bonds of approximately $2.75 million to the Hospital, as well as providing new capital projects of approximately $5.5 million and eliminating the risk of short term rate market swings by locking in long term rates.