Greenville Co. Council Delays Vote On Debt Resolution

The resolution seeks to refinance $1.5 billion

Ed Jenson
December 05, 2017 - 10:01 pm
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Greenville County Council voted Tuesday night to delay a vote on a resolution to approve the restructuring of debt for the Greenville Health System.

The resolution seeks to refinance $1.5 billion in bonds belonging to Greenville Health System and Palmetto Health, which are partnering to create a new non-profit health company.

Following the meeting, Greenville Health System released a statement on the vote:

"We are disappointed that the Greenville County Council put politics ahead of advancing local healthcare. The council has approved numerous other bond requests in the last year and it's unfortunate we were not granted the same support. Worst of all, it's our patients who will be hurt most by the council's decision. Because of their decision, we cannot refinance the Greenville County portion of these bonds. Instead, we will now be forced to spend additional dollars on interest costs."

 

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