$10,000,000
Maryland Economic Development Corporation
Taxable Lease Revenue Bonds
(National Park Service Facility) Series 2020
Wye River Group Served as the Maryland Economic Development Corporation’s and the National Park Service’s Independent Financial Advisor for this Transaction.
The National Park Service (NPS) has requested that MEDCO develop and finance a property in the Town of Williamsport, Maryland for use by the NPS as a regional headquarters facility and in support of the operations of the Chesapeake and Ohio Canal National Park.
The financing was structured as a taxable direct bank purchase by Fulton Bank, N.A. The loan matures in April, 2050 and principal will amortize monthly commencing in October, 2021. The interest rate on the bond is 2.56% and is fixed for 20 years of the financing. The financing closed on April 21, 2020.
