Highlands News-Sun
July 8, 2025
NOTICE OF MEETING
NOTICE IS HEREBY GIVEN that the HIGHLANDS COUNTY HEALTH FACILITIES AUTHORITY (the Authority) will meet in public session in the Sebring City Council Chambers at the Sebring City Hall, 368 South Commerce Avenue, Sebring, Florida, on Tuesday, July 22, 2025, at 12:00 p.m. noon for the following purposes:
(a) adopting an amended and restated resolution (i) authorizing the issuance and sale by the Highlands County Health Facilities Authority (the Authority) of its Highlands County Health Facilities Authority Hospital Revenue Bonds (AdventHealth Obligated Group), in one or more series and in an aggregate principal amount not to exceed $400,000,000 (the Bonds), to provide funds to (A) finance, refinance or reimburse Adventist Health System/Sunbelt, Inc., a Florida not-for-profit corporation (Sunbelt), and certain affiliated not-for-profit corporations under common control with it (the Borrowers), for their payment of the costs of certain capital improvements to and equipment for certain health care facilities and the costs of acquiring, constructing and equipping certain health care facilities; and (B) refund all or a portion of certain revenue bonds previously issued by the Colorado Health Facilities Authority for the benefit of certain of the Borrowers, the proceeds of which were used to finance and refinance the costs of certain capital improvements to and equipment for, and the costs of acquiring, constructing and equipping, certain health care facilities of certain of the Borrowers; (ii) authorizing the execution and delivery of one or Bond Purchase Agreements providing for the sale of the Bonds; (iii) authorizing the execution and delivery of one or more Bond Trust Indentures securing the Bonds; (iv) authorizing the execution and delivery of one or more Loan Agreements with the Borrowers, providing for loans of the proceeds of the Bonds to the Borrowers; (v) approving one or more Supplemental Indentures, supplementing the Second Amended and Restated Master Trust Indenture of the Borrowers and certain other affiliated entities, and approving one or more Notes created thereby; (vi) authorizing the execution and delivery of one or more Tax Exemption Certificates and Agreements with respect to the Bonds; (vii) authorizing the use and distribution of one or more Preliminary Official Statements and one or more Official Statements and/or one or more offering documents or other transaction summaries in connection with the issuance of the Bonds; (viii) approving credit and/or liquidity support for one or more series of Bonds, if requested by Sunbelt; (ix) approving one or more interest rate exchange, hedge or similar agreements, which may include one or more interest rate swaps, total return swaps, forward or futures contracts or options (such as a call, put, cap, floor or collar), and/or one or more securities lending agreements for one or more series of the Bonds, if requested by Sunbelt; (x) providing that the Bonds shall be limited obligations of the Authority payable solely from the revenues provided therefor and shall not constitute a debt, liability or obligation of Highlands County, Florida, of the State of Florida or of any political subdivision thereof, and that neither the faith and credit nor any taxing power of the Authority, of Highlands County, Florida, of the State of Florida or of any political subdivision thereof is pledged to the payment of the principal of, premium, if any, or interest on the Bonds; and (xi) providing for other related matters. THE AMENDED AND RESTATED RESOLUTION shall amend and restate the Resolution of the Authority dated May 22, 2025, related to the Bonds; and
(b) considering such other business as may properly come before the Authority at such meeting.
In accordance with the Americans with Disabilities Act (ADA), if any person with a disability as defined by the ADA needs special accommodations to participate in the meeting of the Authority, then not later than two (2) business days prior to the meeting he or she should contact the counsel to the Authority, Mr. J. Michael Swaine, at 863-385-1549.
If any person decides to appeal any decision made by the Authority with respect to any matter considered at such meeting, such person will need a record of the proceedings and, for such purpose, may need to ensure that a verbatim record of the proceedings is made, which record includes the testimony and the evidence upon which the appeal is to be based.
DATED: July 8, 2025.
HIGHLANDS COUNTY HEALTH FACILITIES AUTHORITY
By /s/ H. Wayne Harris
Chair
July 8, 2025
Government Publications - Miscellaneous