BNY Trust Company of Missouri, a subsidiary of The Bank of New York 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 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 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 non-profit corporation 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 provider of corporate trust services in the central United States. 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 and collateral agent services for issuers of tax-exempt securities.
The Bank of New York and its subsidiaries and affiliates administer a portfolio
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 services and international debt offerings.