PMA Acts as Underwriters and Special Tax Counsel in $112.6 Million Bond Issue

PMA acted as underwriters and Puerto Rico special tax counsel in connection with the $112.6 million Hospital Revenue and Refunding Bonds, Series 2011A and B issued on July 7, 2011 by the Puerto Rico, Industrial, Tourist, Educational, Medical and Environmental Control Facilities Financing Authority. The Authority loaned the proceeds of the bonds to the Hospital Auxilio Mutuo Obligated Group, which operates one of the largest private tertiary care hospitals in Puerto Rico. The underwriting group was lead by J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC and included FirstBank Puerto Rico Securities Corp. and Popular Securities, Inc. Partners Javier D. Ferrer and Manuel Rodríguez Boissen handled this matter.