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Facilities

CHUM raises $148.5 million through debentures

MONTREAL – The Centre hospitalier de l’Université de Montréal (CHUM) is pleased to announce it has closed a private placement of $148.5 million 4.448% Series A Senior Unsecured Debentures Due 2049.

The net proceeds of the offering will be used to finance part of the construction of the hospital complex to be located in downtown Montréal and forming part of the new CHUM.

The 4.448% Series A Senior Unsecured Debentures Due 2049 have been assigned a credit rating of “Aa2” with a stable outlook by Moody’s Investors Service.

The offering was made through a syndicate co-led by National Bank Financial and RBC Capital Markets.

About the CHUM
The Centre hospitalier de l’Université de Montréal (CHUM) is the largest francophone teaching hospital in North America. Known for excellent care and the expertise of its specialists, every year it welcomes more than half a million patients not only from the greater Montreal region but also the entire province of Quebec. The essence of its mission is the application of innovative approaches to healthcare, the search for new knowledge, the promotion of health and the transfer of knowledge. Boasting a rich history, the CHUM is looking to the future with the ongoing construction of new facilities and its research centre in downtown Montreal, a comprehensive project on a single site valued at nearly $2.5 billion. The CHUM Research Centre will open its doors in 2013. It will be followed in 2016 by the unveiling of the new CHUM, a world-class teaching hospital in tune with its community where it plays a major role, in a socially aware perspective of sustainable development and concerted urban approach. It is also an active member of the Réseau universitaire intégré de santé (RUIS) de l’Université de Montréal. Nouveauchum.com.


Posted November 17, 2011

 

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