DELAWARE HEALTH FACILITIES AUTHORITY NOTICE OF PUBLIC HEARING ON THE PROPOSED ISSUANCE OF BONDS NOTICE IS HEREBY GIVEN that a public hearing pursuant to Section 147(f) of the Internal Revenue Code of 1986, as amended (the “Code”) is scheduled to be held by the Delaware Health Facilities Authority (the “Authority”) on January 7, 2026, at 10:00 a.m. local time at the offices of Potter Anderson & Corroon LLP, Hercules Plaza, 5th Floor, 1313 N. Market Street, Wilmington, Delaware.
Alternatively, members of the public may choose to attend the hearing at the above-stated date and time, via Zoom, at the following web address: Zoom Link (Zoom Meeting ID: 837 6228 1930 and Passcode: dhfa2025). This public hearing is being held in connection with the request by Christiana Care Health System, Inc. (the “Corporation”) to the Authority to issue its revenue bonds (the “Bonds”) in one or more series, tax-exempt and/or taxable, pursuant to a plan of finance and lend the proceeds thereof to the Corporation for any one or more of the following purposes (collectively, the “Project”):
(1) financing various capital improvements, including the construction, design renovation, improvement, installation, and acquisition of certain equipment for hospitals, medical facilities, and related facilities thereto at the locations and in the estimated maximum principal amounts listed below:
(2) financing a portion of the costs of the acquisition, installation, equipping and implementation of a system-wide electronic health record system, in an amount not to exceed $89,000,000, to be housed at 4000 Nexus Drive, Avenue North, Wilmington, New Castle County, DE and accessible at the Corporation’s facilities throughout the state:
(3) payment of capitalized interest and funding reserve funds, if necessary; and
(4) payment of certain costs of issuance relating to the Bonds.
The Corporation or its affiliates will continue to own and operate the facilities which will benefit from the Project. The Corporation is a not for profit organization described in Section 501(c)(3) of the Code. The Authority proposes to finance the Project by issuing its Bonds in the maximum aggregate amount not to exceed $355,000,000. If issued, the Bonds are intended to be issued as qualified 501(c)(3) bonds pursuant to Section 145 of the Code. The Bonds will be special limited obligations of the Authority payable solely from payments to be made by the Corporation under certain financing agreements and from certain other sources provided therein.
THE BONDS WILL BE LIMITED OBLIGATIONS OF THE AUTHORITY AND WILL NOT CONSTITUTE A DEBT OR LIABILITY OF THE STATE OF DELAWARE (THE “STATE”) OR ANY POLITICAL SUBDIVISION OR AGENCY THEREOF, OTHER THAN THE AUTHORITY, OR A PLEDGE OF THE FAITH AND CREDIT OR TAXING POWERS OF THE STATE OR ANY POLITICAL SUBDIVISION OR AGENCY THEREOF, INCLUDING THE AUTHORITY. THE AUTHORITY HAS NO TAXING POWERS.
The Authority will at the above stated time and place hear all persons with respect to the issuance of the Bonds, the Project owner and user, or the location of the Project. A report of the hearing will be made available to the Governor of the State.
Approval of the issuance of the Bonds by the State through its Governor is necessary under the Code. Additional information concerning the proposed issuance of the Bonds may be obtained in advance of the hearing from Robert McMurray, the Corporation’s Chief Financial Officer, at (302) 623-7202 or the Authority’s General Counsel, Matthew J. O’Toole, at (302) 984-6114.
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