Bonds

Designed for large scale projects, tax exempt bond financing is RIHEBC’s largest component of assistance. Our financings range from $1.2 million for a nursing home to $214 million for a hospital network. To respond to Rhode Island’s growing and changing needs, both the dollar amounts and the scope of the projects underwritten by bonds have increased. Consistently, clients’ proposals have been transformed from hope into reality. Designed to meet larger capital requirements, this program was structured to respond to the needs of major hospitals and educational institutions in Rhode Island.

Bond Financing Projects

2017 Amount Borrower Project Details
1/1/17 Coming soon
2016 Amount Borrower Project Details
10/18/16 $7,300,000 Roger Williams University Financing of construction and funishing of the Maher Center
9/29/16 $10,138,000 St. Antoine Residence/The Frassati Residence Refunding of Series 2007 and Series 2009 bond issues
9/28/16 $90,800,000 Board of Education New school projects for University of Rhode Island. Refunding of Series 2005 and Series 2008 bond issues for the University of Rhode Island and Rhode Island College
9/21/16 $138,265,000 Care New England Refunding of Series 2010, Series 2013, Series 2014, Series 2016, and Providence Center Series 2013 bond issues
8/4/16 $2,865,000 Town of Newport Financing of capital improvements
8/4/16 $4,755,000 City of Warwick Financing of capital improvements
7/27/16 $265,470,000 Lifespan Refunding of Series 1996, Series 2006, and Series 2009 bond issues
7/20/16 $86,430,000 Public School Pool Refunding of Series 2006, Series 2007 and Series 2008 bond issues for the City of Cranston, Town of Cumberland, Town of North Smithfield, Town of Tiverton, Bristol Warren Regional School District, Exeter West Greenwich Regional School District, and Foster Glocester Regional School District
6/28/16 $14,156,000 Care New England Refunding of Series 2010 and Series 2011 bond issues
6/15/16 $27,000,000 Moses Brown School Partial refunding of Series 2000 bond issues. Financing of new school projects
2015 Amount Borrower Project Details
12/17/15 $13,900,000 St. Elizabeth Home Construction and furnishing of new resident directed homes. Refunding of commercial mortgage loan
12/7/15 $23,515,000 Public School Pool Refunding of Series 2006 and Series 2007 bond issues for the Town of North Kingstown, Town of Tiverton, Town of Portsmouth, and the Town of Burrillville. Financing of health and safety repairs in the Town of Smithfield
12/1/15 $10,000,000 City of Providence Safety improvements for various schools
11/13/15 $4,825,000 St. Raphael’s Academy Refunding of Series 2005 and Series 2006 bond issues
11/13/15 $5,073,000 The Prout School Refunding of Series 2005 and Series 2006 bond issues
11/13/15 $5,207,000 Bishop Hendricken High School Refunding of Series 2006 bond issue
10/21/15 $45,000,000 Brown University Financing of capital improvements. Refinancing of 2012 Commercial Paper Notes and refunding a portion of Series 2005 bond issues
9/30/15 $9,360,000 Tamarisk, Inc. Refunding of Series 2011 bond issue
9/22/15 $30,000,000 Johnson & Wales University Financing of a new health sciences academic building
9/16/15 $1,884,000 St. Philomena School Partial refunding of Series 2005 bond issue
8/31/15 $60,000,000 New England Institute of Technology Construction of a new residence hall and improvements to campus
08/20/15 $4,565,000 City of Cranston Financing of various capital improvements
08/12/15 $45,545,000 South County Hospital Refunding of Series 2006 A, 2012 A and 2012 B bond issues
06/24/15 $46,910,000 Providence College Funding of various capital projects and refunding of Series 2008 bond issue
05/14/15 $3,560,000 Mercymount Country Day School Refunding of Series 2005 A bond issue
05/07/15 $27,500,000 Salve Regina University Funding of capital projects and refunding of Series 2006 A bond issue
04/30/15 $9,555,000 Child & Family Services of Newport County Refunding of Series 2006 bond issue
04/22/15 $146,325,000 City of Providence Refunding of Series 2006 A, 2007 A and 2007 C bond issues
03/11/15 $6,540,000 City of Woonsocket Refunding of Series 2000 bond issue
2014 Amount Borrower Project Details
11/05/14 $20,390,000 Newport Hospital Refunding of Series 1999 bond issue
10/30/14 $4,490,000 Pennfield School Refunding of Series 2004 bond issue
10/24/14 $15,667,000 Roger Williams University Refunding of Series 2006 B bond issue
10/23/14 $8,000,000 City of Pawtucket Refunding of Series 2013 bond issue and financing of various capital upgrades
10/08/14 $11,130,000 Times2 Academy Refunding of Series 2004 bond issue
08/28/14 $45,000,000 St. George’s School Funding of new academic building, refunding of Series 2003 and 2010 bond issues and refinancing of Series 2010 tax-exempt line of credit
07/22/14 $3,370,000 City of Warwick Financing of various capital improvements
06/30/14 $2,100,000 Portsmouth Abbey School Funding of various capital projects
06/25/14 $9,780,000 Town of West Warwick Financing of fire code upgrades
06/01/14 $47,095,000 Bryant University Funding of new capital projects
04/22/14 $42,810,000 Care New England Financing of capital upgrades and refunding of the Series 2008 B bond issue
2013 Amount Borrower Project Details
12/12/13 $6,300,000 City of Central Falls Refunding of Series 1999 bond issue
12/11/13 $2,115,000 City of Pawtucket Refunding of Series 2001 bond issue
12/10/13 $9,635,000 Town of North Providence Refunding of Series 2003 bond issue
11/26/13 $16,375,000 St. Andrew’s School Funding of capital projects and refunding of the Series 2010 and 2012 bond issues
11/21/13 $138,715,000 Brown University Funding of new projects and upgrades as well as refunding of the Series 2003 A bond issue
11/19/13 $11,310,000 Town of Little Compton Financing of school projects and repairs
11/05/13 $87,385,000 Care New England Financing of capital upgrades and refunding of the Series 2003 and 2008 A bond issues
10/25/13 $69,705,000 Providence Public Schools Refunding of Series 1995 B, 1996 B, 1998 A, 1999 A, 2001 A, 2003 A and 2003 B bond issues
10/01/13 $21,675,000 Roger Williams University Refunding of Series 2003 and 2008 B bond issues
10/01/13 $2,725,000 The Providence Center Financing of new projects and refunding of the Series 2012 bond issue
09/18/13 $8,000,000 Wheeler School Funding of new projects
09/16/13 $4,725,000 LaSalle Academy Refunding of Series 2003 bond issue
08/28/13 $1,100,000 Town of Portsmouth Financing of capital upgrades and repairs
07/13/13 $8,000,000 Saint Elizabeth Manor Financing of renovations and refunding of prior loan
06/05/13 $32,870,000 Public School Pool Financing of new projects for the City of Newport and City of Warwick
06/01/13 $1,655,000 Seven Hills Rhode Island Refinance existing indebtedness
05/08/13 $51,405,000 Board of Education Refunding of Series 1997, 2002, 2003 B, 2003 C and 2004 A bond issues
04/19/13 $7,825,000 Bryant University Refunding of Series 2002 A bond issue
04/16/13 $12,520,000 Town of Coventry Financing of school projects and refunding of the Series 2003 bond issue
04/02/13 $7,655,000 Town of North Kingstown Financing of various school projects
04/01/13 $5,000,000 Scandinavian Home Funding of capital improvements and refinancing of existing indebtedness
2012 Amount Borrower Project Details
11/06/12 $44,725,000 Providence College Refunding of Series 2003 A bond issue
10/12/12 $4,750,000 The Kent Center Financing the purchase of a building
10/01/12 $11,710,000 South County Hospital Refunding of Series 2003 B and 2003 C bond issues
09/20/12 $15,000,000 City of East Providence Financing of repairs and upgrades at various schools
09/20/12 $51,815,000 Rhode Island School of Design Refunding of Series 2004 D bond issue
06/29/12 $9,000,000 Rhode Island Blood Center Financing of renovations and new construction
06/27/12 $118,240,000 Brown University Funding of new projects and renovations
05/31/12 $3,555,000 Seven Hills Rhode Island Refinancing of existing indebtedness
04/27/12 $3,200,000 Rocky Hill School Refinancing of existing indebtedness as well as the funding of new projects
03/16/12 $6,500,000 Immaculate Conception School Funding of new projects and refinancing of existing indebtedness
03/01/12 $28,340,000 Rhode Island School of Design Refunding of Series 2001 bond issue
02/01/12 $35,640,000 Town of East Greenwich Financing of a new middle school and renovations to various schools
01/11/12 $38,940,000 Providence College Financing of various new projects and renovations
2011 Amount Borrower Project Details
12/19/11 $32,980,000 Salve Regina University Refunding of Series 1999 and Series 2001 bond issue
11/30/11 $10,375,000 Tamarisk Refunding of Series 2002 bond issue
11/08/11 $12,025,000 Roger Williams University Refunding of Series 2000 bond issue
11/01/11 $23,255,000 Bryant University Refunding of Series 2001 bond issue
10/03/11 $11,010,000 Ocean State Assisted Living Refunding of Series 2001 bond issue
10/03/11 $6,100,000 Portsmouth Abbey School Refunding of Series 2001 bond issue
08/12/11 $16,000,000 Care New England Financing of new projects and refinancing of existing debt
08/11/11 $70,600,000 Brown University Refunding of Series 2001 A and Series 2001 B bond issues
08/04/11 $3,500,000 LaSalle Academy Funding of new construction and equipment
08/02/11 $6,450,000 Blackstone Valley Community Health Care, Inc. Financing of construction and renovations
06/28/11 $1,500,000 Compass School Acquisition of new land, improvements and renovations
06/22/11 $14,645,000 Town of Westerly Financing of renovations to Westerly High School
06/10/11 $10,940,000 Chariho Regional School District Financing of various renovations and improvements to schools
06/02/11 $26,410,000 Roger Williams University Refunding of Series 1998 bond issue
05/20/11 $41,900,000 Tockwotton Home Financing of new construction
02/01/11 $6,700,000 Public School Pool Renovations to schools in the Town of Westerly and City of Cranston
2010 Amount Borrower Project Details
12/30/10 $12,000,000 Care New England Financing of various projects at Kent Hospital
12/29/10 $8,000,000 St. George’s School Financing of various new projects and refunding of Series 2007 Line of Credit
12/23/10 $12,115,000 Providence Community Health Centers Funding of new construction and refinancing of existing indebtedness
12/01/10 $2,500,000 J. Arthur Trudeau Memorial Center Acquisition of land as well as renovations
12/01/10 $13,465,000 Public School Pool Financing of various projects for the Chariho Regional School District, City of Warwick and Town of Westerly
12/01/10 $21,945,000 Providence Public Schools Financing of capital upgrades and repairs
12/01/10 $10,635,000 Town of East Greenwich Financing of new projects and renovations to various schools
11/03/10 $7,777,000 City of East Providence Financing of energy improvements to various schools
10/05/10 $3,995,000 City of East Providence Financing of energy improvements to various schools
09/02/10 $3,550,000 Town of North Smithfield Financing of energy improvements to various schools
08/01/10 $4,135,000 Thundermist Health Center Refunding of Series 2004 bond issue
08/01/10 $50,000,000 Brown University Financing of various capital projects
06/15/10 $12,575,000 Public School Pool Financing of various projects for the Chariho Regional School District, City of Warwick and Town of Westerly
06/02/10 $4,250,000 City of Central Falls Financing of renovations to various schools
05/17/10 $42,695,000 Board of Governors for Higher Education Financing of new construction at the University of Rhode Island
05/07/10 $40,000,000 New England Institute of Technology Financing of construction costs and repayment of loan
02/03/10 $24,005,000 Board of Governors for Higher Education Financing of various projects for Rhode Island College and the University of Rhode Island
2009 Amount Borrower Project Details
11/12/09 $9,135,000 St. Antoine Residence Refunding of Series 1999 A bond issue
11/05/09 $74,000,000 City of Woonsocket Financing of two new middle schools
09/22/09 $70,795,000 Brown University Financing of various projects
06/23/09 $16,100,000 Public School Pool Financing of various school projects for the City of Pawtucket and Town of Tiverton
06/18/09 $28,520,000 Board of Governors for Higher Education Financing of various renovations and upgrades to the University of Rhode Island
04/30/09 $24,910,000 Public School Pool Financing of various school projects for the Town of Narragansett and Town of Scituate
03/30/09 $940,000 Foster-Glocester Regional School District Financing of energy efficient equipment for Ponaganset Middle School and Ponaganset High School
03/30/09 $114,985,000 Lifespan Obligated Group Financing of various projects for Rhode Island Hospital Miriam Hospital and Bradley Hospital
02/12/09 $6,000,000 Town of East Greenwich Financing of various projects
2008 Amount Borrower Project Details
11/01/08 $37,935,000 Board of Governors for Higher Education Refunding of Series 2004 B bond issue
08/01/08 $38,000,000 Roger Williams University Financing of various new projects
07/01/08 $16,120,000 New England Institute of Technology Refunding of Series 2004 bond issue
07/01/08 $24,675,000 Public School Pool Financing of various school projects for the City of Cranston, Exeter/West Greenwich Regional School District, Town of Portsmouth and Town of Tiverton
06/01/08 $22,935,000 Roger Williams University Refunding of Series 2006 A bond issue
05/01/08 $91,920,000 Public School Pool Financing of various school projects for the Bristol Warren Regional School District, Town of Cumberland, Foster-Glocester Regional School District, Town of North Smithfield and Town of Portsmouth
04/01/08 $18,200,000 Providence College Refunding of Series 2003 B & Series 2006 bond issues
04/01/08 $50,420,000 Bryant University efunding of Series 2005 & Series 2007 bond issues
03/01/08 $93,780,000 Rhode Island School of Design Refunding of Series 2004 A, Series 2004 B, Series 2006 A, & Series 2006 B bond issues
02/01/08 $4,000,000 Learning Community Charter School Refinancing of existing indebtedness as well as the funding of new projects
01/01/08 $12,600,000 Home & Hospice Care of RI Financing of renovations and upgrades
2007 Amount Borrower Project Details
12/01/07 $9,080,000 St. Antoine Residence Refunding of Series 1999 B bond issue
12/01/07 $75,000,000 Providence Public Schools Financing of various school projects
12/01/07 $4,760,000 City of Pawtucket Financing of various school projects
11/01/07 $4,000,000 St. George’s School Financing of various new projects
10/01/07 $91,470,000 Providence Public Schools Financing of various school projects
10/01/07 $13,460,000 Public School Pool Financing of various school projects for the City of East Providence and the Foster-Glocester Regional School District
09/01/07 $7,000,000 CVS Highlander Charter School Funding of various renovations and refinancing of existing debt
08/01/07 $19,615,000 Public School Pool Financing of various school projects for the Town of Barrington, City of Central Falls, Town of North Kingstown and Town of Tiverton
06/01/07 $3,200,000 NRI Community Services Financing of various projects
06/01/07 $90,010,000 Brown University Financing of new projects and refunding of Series 1999 bond issue and outstanding Commercial Paper Notes
06/01/07 $20,000,000 Bryant University Funding of various new projects
05/01/07 $38,450,000 Public School Pool Financing of various school projects for the Bristol Warren
03/08/07 $13,680,000 New England Institute of Technology Funding of new construction