McLeod Health Uses a $144.3 Million JEDA Bond to Finance Expansion, Refinancing
The South Carolina Jobs-Economic Development Authority (JEDA) has issued a $144,275,000 bond for McLeod Health. McLeod will use the funds to finance and refinance continued growth.
The tax-exempt Hospital Funding and Refunding Bonds will be used for expansion and renovation of McLeod Regional Medical Center in Florence, including its emergency department, day hospital, neo-natal ICU and postpartum women’s center.
The bonds also will refinance loans for McLeod Loris and McLeod Seacoast, acute care hospitals located in Loris and Little River.
— Fulton Ervin, Chief Financial Officer for McLeod Health
“As South Carolina has grown, so has our need for medical services of all kinds. McLeod Health has been a leader in essential healthcare expansion and we’re excited we can help them finance their projects and progress,” said Harry A. Huntley, CPA, Executive Director of JEDA in Columbia.