BNY Trust Company of Missouri Selected as Trustee for CoxHealth Systems $85,000,000 Series 2002 Bonds; Appointment Includes Master Trustee, Bond Trustee, Tender Agent, Paying Agent and Registrar.Business Editors NEW YORK--(BUSINESS WIRE)--Dec. 17, 2002 BNY BNY Bank of New York Trust Company of Missouri, a subsidiary of The Bank of New York The Bank of New York, abbrieviated to BNY, was a global financial services company that existed until its merger with the Mellon Financial Corporation on July 2, 2007.[1] The bank now continues under the new name of The Bank of New York Mellon Corporation. Trust Company of Florida, N.A., announced today that it has been selected to serve as a master trustee, bond trustee, tender agent, paying agent Paying Agent An agent who accepts payments from the issuer of a security and then distributes the payments to the holders of the security. Also known as a "disbursing agent. and registrar for the $85,000,000 Health and Educational Facilities Authority of the State of Missouri Insured Rate Demand Health Facilities Revenue Bonds CoxHealth Series 2002. The bonds are a tax-exempt conduit financing Conduit Financing A financing arrangement involving a government or other qualified agency using its name in an issuance of fixed income securities for a non-profit organization's large capital project. issued through the Health and Educational Facilities Authority of the State of Missouri. CoxHealth will use the bond proceeds for the improvement and expansion of its existing health facilities. CoxHealth, a nonprofit corporation nonprofit corporation n. an organization incorporated under state laws and approved by both the state's Secretary of State and its taxing authority as operating for educational, charitable, social, religious, civic or humanitarian purposes. with origins dating to 1906, operates three acute care general hospital facilities in Springfield, Missouri, known as Cox North, Cox South and Cox Walnut Lawn. Cox, together with certain subsidiaries and affiliated corporations, does business as CoxHealth. Donna L. Zoeller, president and director at BNY Trust Company of Missouri, said, "We are very pleased to have been appointed master trustee, bond trustee, tender agent, paying agent and registrar for CoxHealth Systems. We look forward to being a part of CoxHealth's continuing growth and to providing them with top quality services." Incorporated in March 1998, BNY Trust Company of Missouri is an indirect subsidiary of The Bank of New York Company, Inc. and is a leading provider of corporate trust services in the central United States The Central United States is sometimes conceived as between the Eastern United States and Western United States as part of a three-region model, roughly coincident with the Midwestern United States plus the western and central portions of the Southern United States; the term is . Through its staff of more than 50 corporate trust professionals, BNY Trust Company of Missouri supports more than 4,000 trust appointments for more than 400 clients within a 15 state region. BNY Trust Company of Missouri specializes in providing trustee, paying agent, registrar, escrow agent escrow agent n. a person or entity holding documents and funds in a transfer of real property, acting for both parties pursuant to instructions. Typically the agent is a person (commonly an attorney), escrow company or title company, depending on local practice. (See: escrow) and collateral agent services for issuers of tax-exempt securities. The Bank of New York is a leading provider of corporate trust and agency services. The Bank and its subsidiaries and affiliates administer a portfolio of more than 85,000 trustee and agency appointments, representing more than $1 trillion in outstanding securities for more than 30,000 clients around the world. The Bank is a recognized leader for trust services in several debt products, including mortgage-backed and asset-backed securities, corporate and municipal debt, derivative security Derivative security A financial security such as an option or future whose value is derived in part from the value and characteristics of another security, the underlying asset. services and international debt offerings. The Bank of New York, founded in 1784 by Alexander Hamilton, is the United States' oldest bank and is the principal subsidiary of The Bank of New York Company, Inc. (NYSE NYSE See: New York Stock Exchange : BK), a financial holding company. With over $80 billion in total assets as of September 30, 2002, the Company provides a complete range of banking and other financial services to corporations and individuals worldwide through its basic businesses, namely, Securities Servicing and Global Payment Services, Corporate Banking, BNY Asset Management and Private Client Services, Retail Banking, and Global Market Services. Additional information on the Company is available at www.bankofny.com. |
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