Transaction Overview
Janney Montgomery Scott served as senior manager for Rhode Island Health and Educational Building Corporation’s $76,805,000 Public Schools Revenue Bond Financing Program, Revenue Bonds, Series 2024 A (City of East Providence Issue). This issue carried a rating of “AA” from S&P. The new money bonds will finance the construction, renovation, improvement, alteration, repair, furnishing, and equipping of schools and school facilities in the City of East Providence.
About Rhode Island Health and Educational Building Corporation
Rhode Island Health and Educational Building Corporation is a quasi-public agency that assists the state’s healthcare and private and public educational institutions in gaining access to low-cost financing for facilities construction and renovation.
About the City of East Providence
The City of East Providence (the “City”) is the fifth largest municipality in Rhode Island with a population of 47,442, according to the 2020 census. The City is a key wholesale and distribution center for southern New England. The City accounts for five percent of the total population and two percent of the total land area of the Providence-Pawtucket-Warwick Metropolitan Area.
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