Tampa General Hospital (“TGH”) is a private not-for-profit hospital and one of the most comprehensive medical facilities in West Central Florida, serving a dozen counties with a population in excess of four million.
Hamlin Capital Advisors, as TGH’s trusted financial advisor, ran an efficient and focused competitive RFP process to refund TGH’s Series 2006 Bonds with approximately $185 million outstanding, with the goal to put in place low cost 15-year financing with terms and covenants consistent with TGH’s existing fixed rate debt.
Significant debt service savings were achieved by securing an attractive long-term (15 year), low cost financing commitment from one banking institution without several typical bank covenants that would restrict the hospital from executing on future tactical and strategic plans.
Advisory Services
“In our industry, securing a significant amount of low cost bank capital for 15 years from one institution is rare and is reflective of Hamlin’s hard work, tenacity and results-orientated focus.”*
Steve Short
CFO, Tampa General Hospital
*Testimonials provided may not be representative of the experience of other clients. Such testimonials are no guarantee of future success or performance.
