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Bon Secours secures $94M for Charleston, Greenville projects

Jason Thomas //May 10, 2023//

Bon Secours secures $94M for Charleston, Greenville projects

Jason Thomas //May 10, 2023//

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Bon Secours Mercy Health Inc. has secured $94.42 million in bond financing through the South Carolina Jobs-Economic Development Authority to finance capital expenditures in Berkeley, Charleston and Greenville counties.

These Hospital Facilities Revenue Bonds, which were issued in connection with new bond issues in Ohio and Virginia, will be used to upgrade facilities across the health care system in South Carolina, according to a JEDA news release.

“We’re appreciative for the opportunity to once again leverage tax-exempt bond financing through JEDA to enhance our ability to provide comprehensive, leading-edge healthcare to the Upstate and Lowcountry of South Carolina,” said Jerry Judd, senior vice president, treasury with Bon Secours Mercy Health, in the release.

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Bon Secours Mercy Health operates systems throughout South Carolina, including Greenville’s St. Francis Downtown and St. Francis Eastside hospitals; Bon Secours St. Francis Hospital, Roper Hospital and Roper Rehabilitation Hospital in Charleston; Roper St. Francis Berkeley Hospital in Summerville; and Roper St. Francis Mount Pleasant Hospital.

“Having access to favorable financing terms has become even more critical in today’s interest rate environment,” said Harry A. Huntley, CPA, executive director of JEDA in Columbia, in the release. “JEDA is pleased to assist Bon Secours Mercy Health with this financing.”

This story will be updated.