Hunt Memorial Hospital District General Obligation Bonds, Series 2026 Information

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Bond Overview

Issuer: Hunt Memorial Hospital District
Issue Amount: $29,340,000*
Issue Date: January 28, 2026 (expected)
Bond Type: General Obligation Bonds
Tax Status: Tax-Exempt

Ratings

  • Moody’s: Ba3
  • S&P: B+

Purpose

Bond proceeds will be used to:

  • Purchase, construct, acquire, repair, renovate, upgrade, update, modernize, and equip buildings or improvements for hospital purposes at Hunt Regional Medical Center
  • Remove existing facilities as necessary
  • Pay costs of issuance

Security

The Bonds are direct obligations of the District secured by an annual ad valorem tax levied on all taxable property within Hunt County, within constitutional limits (maximum $0.75 per $100 valuation).

Key Financial Metrics (2025/2026)

  • Net Taxable Assessed Valuation: $15,849,673,741
  • Total General Obligation Debt (including these Bonds): $57,850,000*
  • Debt to Assessed Valuation Ratio: 0.36%*
  • Per Capita Debt: $546*
  • Estimated Population: 105,981

Key Dates

  • Board Approval: January 13, 2026 (expected)
  • Delivery Date: January 28, 2026 (expected)
  • First Interest Payment: August 15, 2026
  • Maturity: February 15, 2028* through February 15, 2045*

Interest Payments

Interest is payable semi-annually on February 15 and August 15 of each year, calculated on a 360-day year basis.

Redemption

Optional redemption available for bonds maturing on or after February 15, 20__, at par plus accrued interest, beginning February 15, 20__.

Official Documents

Underwriters

  • Piper Sandler & Co.
  • Texas Capital Securities

Bond Counsel

McCall, Parkhurst & Horton L.L.P.
Dallas, Texas

Financial Advisor

Hilltop Securities Inc.
Dallas, Texas

Contact Information

District:
Tammy Walsh, Interim Chief Financial Officer
Hunt Memorial Hospital District
4215 Joe Ramsey Blvd. E
Greenville, Texas 75401
(903) 408-5000

Financial Advisor:
Chris Janning, Managing Director
Hilltop Securities Inc.
717 N. Harwood St., Suite 3400
Dallas, Texas 75201
(214) 953-4042

Tax Information

The District’s 2025 property tax rate is $0.2072 per $100 valuation:

  • Maintenance & Operations: $0.177651
  • Interest & Sinking (Debt Service): $0.029590

Property tax revenue accounts for approximately 11% of the District’s financial support, with 84% supporting operations and 16% for debt service.

About Hunt Memorial Hospital District

Hunt Memorial Hospital District is a political subdivision of the State of Texas serving Hunt County and surrounding areas in Northeast Texas, approximately 50 miles northeast of Dallas.

Facilities:

  • Hunt Regional Medical Center (190 licensed beds, 156 staffed)
  • Hunt Regional Medical Partners (physician clinics)
  • Approximately 1,392 full-time equivalent employees
  • Medical staff of 233 physicians

Services:

  • Level 3 Trauma/Emergency Department
  • Maternity Center and Level III NICU
  • Surgery Center
  • Diagnostic Imaging
  • Cardiopulmonary and Cath Lab
  • Rehabilitation Services
  • Internal Medicine Residency Program (ACGME approved)

*Preliminary, subject to change