Recent Authority Transactions:

• Catholic Health East (Camden, NJ) issued $130,680,000 of bonds in a public offering.  This issue, to be used for refinancing, closed on March 31, 2010.  The New Jersey Issue was part of a larger composite deal comprised of eight separate series of bonds totaling $418,260,000.  Suzanne Walton was the Authority Project Manager assigned to the transaction.   Merrill Lynch served as senior manager for the transaction. 



• St. Ann's Home for the Aged (Jersey City, NJ) issued $11,625,000 of bonds for new money projects and a refunding.  The transaction closed on May 12, 2010.  Suzanne Walton was the Authority Project Manager assigned to the transaction.



• Princeton Healthcare System (Princeton, NJ) issued $355 million of bonds on their behalf for new money projects and the refinancing of taxable debt.  The Bond issue closed on May 13^th.  Suzanne Walton was the Authority Project Managers assigned to the transaction.  Merrill Lynch is serving as senior manager for the transaction.  Princeton Healthcare seeks a public offering of the bonds.



• Hackensack University Medical Center (Hackensack, NJ) is expected to issue $225,000,000 for a refunding (this transaction is interest rate sensitive).  Bill McLaughlin is the Authority Project Manager assigned to the transaction.  Merrill Lynch will serve as senior manager for the transaction.  Hackensack University Medical Center seeks a public offering of the bonds. 

The following Authority Projects are Inactive (listed in alphabetical order):

• IJKG Propco, LLC (Bayonne, NJ) has requested approximately $35 million for new money projects and a refinancing.  Bill McLaughlin was the Authority Project Manager assigned to the transaction. NW Capital was named as underwriter for the bonds. IJKG hadn't determined if it would pursue a public offering or a private placement of the bonds.



• Robert Wood Johnson University Hospital (New Brunswick, NJ) had requested approximately $200 million for new money projects and a refinancing.  Suzanne Walton was assigned as the Authority Project Manager for the transaction.  Wachovia was selected to serve as senior manager for the transaction.  RWJUH planned to pursue a public offering of the bonds.



• Solaris Health System's Nursing Home (Edison, NJ) had requested approximately $25 million for new money projects.  Lou George and Bill McLaughlin were the Authority Project Managers assigned to the transaction, and Cain Brothers was named as senior underwriter for the issue.   Solaris planned to pursue a public offering of the bonds.



• St. Barnabas (Livingston, NJ) is requesting approximately $111 million for a refunding.  Lou George is the Authority Project Manager assigned to the transaction. CitiGroup will serve as senior underwriter for the transaction.  St. Barnabas was pursuing a public offering of the bonds.

EQUIPMENT REVENUE NOTE PROGRAM ("ERN")

The Equipment Revenue Note Program ("ERN") offers an easy and efficient method of financing and refinancing equipment. Standardized documents and shortened approval periods give the program's bonds a quicker turnaround time (typically 60 days or less), and lower Authority fees and pre-negotiated bond counsel fees reduce the borrower's cost of issuance.  Suzanne Walton is the Authority Project Manager assigned to the ERN Program.

• There are no Equipment Revenue Note transactions currently in progress.