PUBLIC HEARING NOTICE
Notice is hereby given that the County of Lehigh, Pennsylvania, will hold a public hearing on December 18, 2025 at 12:30 p.m. local time, via Zoom in connection with the proposed issuance of tax-exempt bonds (the “Bonds”) by the Lehigh County General Purpose Authority (the “Authority”) for hospital bond financing pursuant to a plan of finance in one or more series for the benefit of Thomas Jefferson University and certain of its affiliates.
INITIAL OWNERS AND USERS: Thomas Jefferson University, a Pennsylvania non-profit corporation and a tax-exempt organization described in Section 501(c)(3) of the Internal Revenue Code of 1986, as amended (the “Code”), and certain of its controlled affiliates (collectively, “TJU”), including Lehigh Valley Hospital - Schuylkill; Lehigh Valley Hospital - Hazleton; Lehigh Valley Hospital - Pocono, and Thomas Jefferson University Hospitals, Inc. The tax-exempt Bonds are intended to be qualified 501(c)(3) bonds pursuant to Section 145 of the Code.
PRINCIPAL AMOUNT OF BONDS: The aggregate principal amount of the Bonds will not exceed $110,000,000.
DESCRIPTION AND LOCATION OF THE PROJECT TO BE FINANCED: The proceeds of the Bonds will be used for:
(a) the payment of (or the reimbursement to TJU for) the costs of
(i) the acquisition, construction, renovation, improvement, fit-out, and equipment costs of and other capital expenditures for educational and/or health care facilities located on parcel number 642442635317 1 in Upper Saucon Township, Lehigh County, PA in the estimated maximum principal amount of $70,000,000; and
(ii) certain renovation, construction, improvement, fit-out, and equipment costs of and other capital expenditures for facilities located within the boundaries of 12th Street, Filbert Street, 7th Street and Spruce Street, Philadelphia, PA 19107 in the estimated maximum principal amount of $40,000,000;
(b) the funding of any necessary reserves and the payment of interest on all or a portion of the Bonds;
(c) the payment of the costs associated with municipal bond insurance, one or more letters of credit and/or one or more standby bond purchase agreements or similar liquidity facilities, if deemed necessary; and
(d) the payment of issuance costs and expenses incident to the financing, including costs relating to interest rate hedging arrangements.
DEBT FINANCINGS OF THE LEHIGH COUNTY GENERAL PURPOSE AUTHORITY ARE NOT OBLIGATIONS OF THE COUNTY OF LEHIGH, THE COMMONWEALTH OF PENNSYLVANIA, OR ANY POLITICAL SUBDIVISION THEREOF.
At the public hearing, members of the public will be provided an opportunity to make statements concerning the foregoing application and the tax-exempt financing of the Authority.
The public hearing to discuss the project and the proposed financing will be open to the public via Zoom:
https://lehighcounty-org.zoomgov.com/j/1601877952?pwd=PeiMSFw3GHcSl5Pf2kCxZlkAjnTfTc.1
Meeting ID: 160 187 7952 Passcode: 398984 Persons wishing to participate telephonically may do so by calling toll-free: 833-371-1133.
This notice is published in accordance with the public notice requirements of Section 147(f) of the Internal
Revenue Code of 1986, as amended, and regulations promulgated thereunder.