NOTICE OF PUBLIC HEARING
NOTICE IS HEREBY GIVEN that a public hearing will be held telephonically by the South Carolina Jobs-Economic Development Authority (the "Authority") on Thursday, June 4, 2026, at 11:00 a.m., Eastern Time, or as soon thereafter as may be heard following other public hearings (the "Public Hearing"), regarding (i) the proposed issuance by the Authority of its Hospital Revenue Bonds (Conway Hospital, Inc.), Series 2026, in one or more series (collectively, the "Series 2026 Bonds"), in an aggregate principal amount not to exceed $80,000,000, and (ii) a separate tax-exempt equipment lease purchase financing in an aggregate principal amount not to exceed $10,000,000 (the "TELP Financing" and, together with the Series 2026 Bonds, the "Financings"), each at the request and for the benefit of Conway Hospital, Inc. (d/b/a Conway Medical Center) (the "Hospital"), a South Carolina nonprofit corporation and an organization described in Section 501(c)(3) of the Internal Revenue Code of 1986, as amended (the "Code"). The Series 2026 Bonds and the obligations issued or executed in connection with the TELP Financing are expected to be "qualified 501(c)(3) bonds" as defined in Section 145 of the Code.
The Hospital proposes to use the proceeds of the Series 2026 Bonds to provide for a plan of finance to (i) refund all or a portion of the outstanding South Carolina Jobs-Economic Development Authority Hospital Revenue Bonds (Conway Hospital, Inc.), Series 2016 (the "Series 2016 Bonds"), (ii) finance, refinance and/or reimburse the costs of acquiring, constructing, renovating, improving and/or equipping certain healthcare facilities of the Hospital, including, but not limited to, (a) obstetrics, acute care and other healthcare projects, at the Hospital's main campus at 300 Singleton Ridge Road, Conway, South Carolina 29526 (the "Main Campus") (approximately $18,400,000), and (b) an outpatient facility project at 9657 Ocean Highway, Pawleys Island, South Carolina 29585 (approximately $12,000,000), and (iii) pay certain costs of issuance of the Series 2026 Bonds (collectively, the "Series 2026 Project").
The Hospital proposes to use the proceeds of the TELP Financing to provide for a plan of finance to finance and/or reimburse the costs of acquiring, installing, implementing and/or equipping certain clinical, surgical, diagnostic imaging, labor and delivery, pain management, information technology, EMR integration and related equipment, software, infrastructure, technology and related assets, all located on or near the Main Campus (collectively, the "TELP Project").
Proceeds of the Series 2016 Bonds were used by the Hospital to (a) finance, refinance or reimburse costs of the acquisition, construction, renovation, expansion, equipping and improvement of various hospital and healthcare facilities and related assets, including technology and equipment projects, owned, operated or used by the Hospital located on or near the Main Campus, and (b) pay certain fees and expenses in connection with the issuance of the Series 2016 Bonds.
The Series 2026 Project and the TELP Project will be owned and/or operated by the Hospital.
The public hearing is required by Section 147(f) of the Code and Section 41-43-100 of the Code of Laws of South Carolina 1976, as amended. The Series 2026 Bonds and any obligations issued or executed by the Authority in connection with the TELP Financing, when issued or executed, will be special, limited obligations of the Authority payable solely out of revenues derived from payments by the Hospital. Neither Horry County, South Carolina nor Georgetown County, South Carolina (together, the "Counties") will have any financial responsibility for the Series 2026 Bonds or the TELP Financing. The Series 2026 Bonds and any obligations issued or executed by the Authority in connection with the TELP Financing will not constitute an indebtedness of the Authority, the State of South Carolina (the "State"), the Counties or any other political subdivision of the State within the meaning of any South Carolina constitutional provision or statutory limitation (other than the State constitutional provision permitting indebtedness payable from a revenue-producing project or from a special source derived other than from a tax or license), nor give rise to a pecuniary liability of the Authority, the State, the Counties or any other political subdivision of the State. The Series 2026 Bonds and any obligations issued or executed by the Authority in connection with the TELP Financing will not constitute a charge against the general credit or taxing powers of the Authority, the State, the Counties or any other political subdivision of the State. The Authority has no taxing power.
Pursuant to IRS Revenue Procedure 2022-20, the Public Hearing will be conducted telephonically, and no in-person attendance will be available. At the time fixed for the Public Hearing, interested persons will be given an opportunity to express their views, orally or in writing, for or against the proposed issuance of the Series 2026 Bonds, the TELP Financing, or the location and nature of the facilities to be financed, refinanced or reimbursed thereby. All persons who wish to listen to or participate in the Public Hearing may join by calling toll-free at 1-888-547-5999 and using access code 960347. All persons who wish to submit oral comments during the Public Hearing must contact the Authority, not less than 24 hours prior to the Public Hearing, via email to cmiller@scjeda.com, to inform the Authority of their desire to speak at the Public Hearing. Those who present oral comments during the Public Hearing will be permitted to address the Authority for no more than five minutes. Members of the public may also submit written comments to the Authority prior to the Public Hearing addressed to SC JEDA, 1201 Main Street, Suite 1600, Columbia, South Carolina 29201, or via email to cmiller@scjeda.com. The Authority will not prepare a transcript of the Public Hearing.
This notice is dated May 27, 2026.
SOUTH CAROLINA JOBS-ECONOMIC DEVELOPMENT AUTHORITY
Executive Director
IPL0343484
May 27 2026