NOTICE OF PUBLIC HEARING
THE HEALTH, EDUCATIONAL AND HOUSING FACILITY
BOARD OF THE COUNTY OF SHELBY, TENNESSEE
Notice is hereby given that an authorized representative of The Health, Educational and Housing Facility Board of the County of Shelby, Tennessee (the "Issuer"), will hold a public hearing by teleconference on Monday, May 4, 2026, at 11:00 a.m., Central Daylight Time, with respect to (1) the proposed additional uses of the proceeds of the Issuer's Health Care Revenue Refunding and Improvement Bonds (Baptist Memorial Health Care), $149,605,000 Series 2024A and $164,675,000 Series 2024B (the "Series 2024 Bonds"), originally issued on June 27, 2024, which such proceeds have been loaned to Baptist Memorial Health Care Corporation, a Tennessee nonprofit corporation (the "Borrower"), for the purpose of financing and refinancing hospital and healthcare facilities owned by the Borrower and its affiliates, including equipment and related support facilities, at locations in the States of Arkansas, Mississippi and Tennessee; and (2) the proposed issuance by the Issuer of its qualified 501(c)(3) tax-exempt revenue bonds, in one or more series, in a maximum principal amount of not to exceed $350,000,000 (the "Series 2026 Bonds," and together with the Series 2024 Bonds, the "Bonds"), the proceeds of which will be loaned to the Borrower and used to finance or refinance hospital and healthcare facilities owned by the Borrower or its affiliates, including equipment and related support facilities, at locations in the States of Arkansas, Mississippi and Tennessee. The Series 2026 Bonds will be issued as part of a plan of finance (the "Plan of Finance") pursuant to which the Borrower, plans to borrow up to $350,000,000 over a three-year period through the issuance of tax-exempt obligations constituting "qualified 501(c)(3) bonds" (the "Plan of Finance Obligations"). The proceeds of the Plan of Finance Obligations will be loaned to the Borrower and used to finance or refinance the acquisition, construction, renovation and equipping of hospital and healthcare facilities owned or to be acquired by the Borrower or its affiliates, including equipment and related support facilities, at locations in the States of Arkansas, Mississippi and Tennessee.
The issuance of the Series 2024 Bonds was the subject of a public hearing conducted by a representative of the Issuer on May 23, 2024, following the publication of notice of such public hearing in each of the jurisdictions in which proceeds of the Series 2024 Bonds were expected to be expended, and the issuance of the Series 2024 Bonds was subsequently approved by the applicable elected representative in each such jurisdiction. In addition to the purposes for which the Series 2024 Bonds were originally issued as described in the aforementioned public notice, the Borrower now proposes to use proceeds of the Series 2024 Bonds in an amount not to exceed $15,000,000 to finance and/or refinance the acquisition, construction, renovation and equipping of Baptist Memorial Hospital-Oktibbeha County and various other clinics, medical office buildings and other healthcare facilities surrounding the hospital, including equipment and related support facilities, which are located at 400 Hospital Rd, Starkville, Oktibbeha County, Mississippi ("Baptist-Oktibbeha").
The Plan of Finance Obligations, of which the Series 2026 Bonds are part, are being issued for the purposes of:
(a) refinancing all or a portion of the Issuer's $212,030,000 (original principal amount) of Revenue Bonds (Baptist Memorial Health Care), Series 2016A, issued by the Mississippi Hospital Equipment and Facilities Authority, the proceeds of which were used to finance all or a portion of the acquisition, construction and equipping of Baptist Memorial Hospital-North Mississippi, including equipment and related support facilities, located at 1100 Belk Blvd., Oxford, Lafayette County, Mississippi;
(b) financing the hospital and healthcare facilities, including equipment and related support facilities, at the following locations and in the following principal amounts for each location: (1) Baptist Memorial Health Care Corporation corporate building, 350 North Humphreys Blvd., Memphis, Shelby County, Tennessee, in a principal amount of $750,000; (2) Baptist Memorial Hospital-Memphis, 6019 Walnut Grove Rd., Memphis, Shelby County, Tennessee, in a principal amount of $10,000,000; (3) Baptist Health Sciences University, 1003 Monroe Ave., Memphis, Shelby County, Tennessee, in a principal amount of $3,000,000; (4) Baptist Memorial Hospital-Collierville, 1500 West Poplar Ave., Collierville, Shelby County, Tennessee, in a principal amount of $1,000,000; (5) Baptist Memorial Hospital for Women, 6225 Humphreys Blvd. and 50 Humphreys Blvd., Memphis, Shelby County, Tennessee, in a principal amount of $750,000; (6) Baptist Memorial Hospital-DeSoto, 7601 Southcrest Parkway and 363 Southcrest Circle, Southaven, Desoto County, Mississippi, in a principal amount of $5,000,000; (7) Baptist Memorial Hospital-Tipton, 1995 Highway 51 South, Covington, Tipton County, Tennessee, in a principal amount of $750,000; (8) Union County Hospital Imaging Center, 119 City Market Drive, Saltillo, Lee County, Mississippi, in a principal amount of $4,000,000; (9) Baptist Memorial Hospital-Golden Triangle, 2520 Fifth Street North, Columbus, Lowndes County, Mississippi, in a principal amount of $4,000,000; (10) Mississippi Baptist Medical Center, 1225 N. State St., Jackson, Hinds County, Mississippi, in a principal amount of $4,000,000; (11) Baptist Memorial Hospital-Crittenden, 2100 North 7th Street, West Memphis, Crittenden County, Arkansas, in a principal amount of $2,000,000; (12) Baptist Medical Group, Exeter Imaging Center, 2100 Exeter Rd., Germantown, Shelby County, Tennessee, in a principal amount of $1,500,000; (13) Baptist-Oktibbeha, in a principal amount of $70,000,000; (14) OCH Family Medical Clinic Ackerman, 356 W Cherry St., Ackerman, Choctaw County, Mississippi, in a principal amount of $1,500,000; and (15) a medical office building located at 6029 Walnut Grove Road, Memphis, Tennessee, in a principal amount of $35,000,000; and
(c) paying costs of issuance of the Plan of Finance Obligations, including the Series 2026 Bonds.
The total estimated amounts of proceeds used at each location identified above does not equal the total amount of authorized bonds due to rounding and estimation, and the Borrower may spend different amounts at each location as a result of contingencies occurring following the issuance of the Plan of Finance Obligations, including the Series 2026 Bonds. THE BONDS SHALL NEVER CONSTITUTE AN INDEBTEDNESS OR GENERAL OBLIGATION OF THE ISSUER, THE STATE OF TENNESSEE, SHELBY COUNTY, OR ANY OTHER POLITICAL SUBDIVISION OR AGENCY OF THE STATE OF TENNESSEE, BUT SHALL BE PAYABLE SOLELY FROM REVENUES DESCRIBED IN THE BOND DOCUMENTS. The telephonic public hearing will be held pursuant to the requirements of Section 147(f) of the U.S. Internal Revenue Code of 1986, as amended. Those wishing to participate may access the hearing by calling the following toll-free telephone number: 877-853-5247, Conference ID: 688 784 3185. Any person interested in the issuance of the Bonds, the Plan of Finance Obligations or the locations or purposes of the assets to be financed or refinanced with the proceeds of the Bonds or the Plan of Finance Obligations is invited to dial into the public hearing (which may be continued or adjourned to a later date), and they will be given an opportunity to express their views concerning the proposed uses of the Series 2024 Bonds and the proposed issuance of the Plan of Finance Obligations, including the Series 2026 Bonds, and the financing and refinancing of the projects with the proceeds thereof. The projects financed or refinanced with the proceeds of the Bonds and the Plan of Finance Obligations are and/or will be owned and operated by the Borrower or an affiliate thereof. Additional information with respect to the foregoing may be obtained from Steve Anderson, counsel to the Issuer, at Phelps Dunbar LLP, 999 S. Shady Grove Road, Suite 500, Memphis, TN 38120.
April 23 2026
LMSS0503152