As Lehigh Valley Health Network settles into the offices of Schuylkill Health System in Pottsville, it decided to refinance more than $45 million of Schuylkill Health's debt.

The City of Pottsville Hospital Authority approved Lehigh Valley's request on Nov. 3 and the city council will review and may vote to approve it at its next meeting, scheduled for 6 p.m. Monday. Schuylkill Health has two outstanding bond issues, a 2014 bond issue of $29.7 million and a 2016 bond of $20 million.

"The terms of the refunded bonds is expected to be more favorable to the group than the terms of the existing Schuylkill Health System bonds," Kevin R. Cunningham, Philadelphia, said at a public hearing on the refinancing held just before the authority's meeting Nov. 3 at city hall. Cunningham said his firm, Ballard Spahr LLP, is the bond counsel for the City of Pottsville Hospital Authority.