The CMFA Completed the issuance of $5,250,000 in Bonds for St. John’s Well Child & Family

St. John’s Well Child and Family Center, Inc., is using the proceeds of the issuance to refund the outstanding California Municipal Finance Authority Insured Revenue Bonds (St. John’s Well Child and Family Center, Inc.), Series 2011, currently outstanding in the principal amount of $5,010,000, the proceeds of which were used to prepay a fixed rate, taxable bank loan obtained from City National Bank, incurred in connection with the acquisition of facilities located at 5701 and 5801 South Hoover Street, and 818, 834, and 840 West 58th Street, Los Angeles, California, and to prepay two variable rate, taxable bank loans obtained from Bank of America, N.A., and to pay a related swap termination fee, also incurred in connection with the acquisition of the Project.

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