FORM 990, SCHEDULE K |
FORM 990, SCHEDULE K, PART I, LINE A: DESCRIPTION OF PURPOSE (1) ACQUISITION AND INSTALLATION OF CAPITAL EQUIPMENT FOR HEALTHCARE FACILITIES; AND (2) PAY ISSUANCE COSTS FORM 990, SCHEDULE K, PART IV, LINE 2C, COLUMN A: DATE OF LAST REBATE COMPUTATION DECEMBER 8, 2019 FORM 990, SCHEDULE K, PART I, LINE B: DESCRIPTION OF PURPOSE CURRENT REFUND THE SERIES 2008A BONDS ISSUED 9/30/16 AND 2008B AND 2008C BONDS ISSUED 3/3/14 FORM 990, SCHEDULE K, PART IV, LINES 4B & 4C, COLUMN B: NOVANT HEALTH ENTERED INTO QUALIFIED HEDGES WITH RESPECT TO THE BONDS ISSUED ON 12/21/17. THE HEDGES ARE PROVIDED BY GOLDMAN SACHS MITSUI MARINE DERIVATIVE PRODUCTS, LP AND SUNTRUST BANK AND HAVE TERMS OF 17.8 AND 20.3 YEARS, RESPECTIVELY. FORM 990, SCHEDULE K, PART I, LINE C: DESCRIPTION OF PURPOSE (1) FINANCE THE VERTICAL EXPANSION OF PRESBYTERIAN HOSPITAL HUNTERSVILLE, THE VERTICAL EXPANSION OF PRESBYTERIAN HOSPITAL MATTHEWS, THE CONSTRUCTION AND EQUIPPING OF CLEMMONS MEDICAL CENTER, G-WING RENOVATIONS AT PRESBYTERIAN HOSPITAL AND MEDICAL, COMPUTER, OFFICE AND CAPITAL EQUIPMENT AT PRESBYTERIAN HOSPITAL, PRESBYTERIAN HOSPITAL MATTHEWS AND PRESBYTERIAN HOSPITAL HUNTERSVILLE (2) REFUND A PORTION OF THE 2003A BONDS (3) REFUND A TAXABLE BANK LOAN AND (4) PAY ISSUANCE COSTS FORM 990, SCHEDULE K, PART IV, LINE 2C, COLUMN C: DATE OF LAST REBATE COMPUTATION APRIL 30, 2018 FORM 990, SCHEDULE K, PART I, LINE D: DESCRIPTION OF PURPOSE (1) FINANCE THE COST OF ADDITIONAL HEALTH CARE FACILITIES; (2) REFUND THE 2017 BANK REVOLVING CREDIT FACILITY; (3) PAY COSTS OF ISSUANCE FORM 990, SCHEDULE K, PART II, LINE 3: TOTAL PROCEEDS OF ISSUE ADDITIONAL PROCEEDS FROM INVESTMENT EARNINGS |
FORM 990, SCHEDULE K, PART III, LINE 3B: PRIVATE BUSINESS USE |
THE NOVANT HEALTH CARE SYSTEM HAS A LEGAL DEPARTMENT, MATERIALS MANAGEMENT DEPARTMENT AND A RESEARCH DEPARTMENT. THESE DEPARTMENTS REGULARLY REVIEW MANAGEMENT, SERVICE AND RESEARCH AGREEMENTS RELATED TO TAX-EXEMPT BOND FINANCED PROPERTY. OUTSIDE BOND COUNSEL CONDUCTS ADDITIONAL REVIEW AND DUE DILIGENCE WHEN ENGAGED FOR A BOND ISSUANCE OR REFUNDING PROJECT. |