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PAC directed the implementation of the following transactions including the
selection of underwriters, obtaining ratings, bond insurance and all other facets pertaining to the transaction.
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TRANSACTION
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CLIENT NET BENEFIT
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$211 million LOC-Backed
Debt Restrusturing
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$3.7 million annual savings
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$115 million Balance Sheet Enhancement Program
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$19.6 million
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$600 Million LOC-Backed
Debt Restructuring
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$5 million annual savings
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$438 Million Constant Maturity Swap Cash Flow Lock
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$11.2 million
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$330 Million Balance Sheet Enhancement Program
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$ 16 million
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$50 Million Synthetic Refunding
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$1.2 Billion in Interest Rate Swaps
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$38 million
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$615 Million Debt Restructuring
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$224 Million "Swaption" Refunding
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¥ Since 1983, PAC principals have designed and implemented innovative hospital pooled loan programs that have provided borrowers low-cost capital with reduced cost of issuance.
¥ Over sixty hospitals have benefited from these programs, making loans totaling over one billion dollars.

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Steven Pischke, President and CEO
Public Advisory Corporation
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