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Committee signs off on Roswell Development Authority conduit bonds to refinance Wellstar debt; city and RDA bear no liability, officials say
Summary
The Roswell City Council committee approved Feb. 25 a resolution acknowledging the Roswell Development Authority’s issuance of conduit revenue bonds to refinance about $100 million of Wellstar Health System debt, a move officials said will not create city liability.
The Roswell City Council committee on Feb. 25 approved a resolution acknowledging the Roswell Development Authority’s plan to issue revenue bonds as a conduit to refinance approximately $100 million of Wellstar Health System debt.
Joe Cusack, chair of the Roswell Development Authority, told the committee the financing will refinance about $100 million in debt and will save roughly…
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