Perkins Coie attorneys are recognized nationwide for their significant knowledge and experience in financing transactions for major hospitals and health systems, universities and other 501(c)(3) organizations.

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Overview

Perkins Coie attorneys are recognized nationwide for their significant knowledge and experience in financing transactions for major hospitals and health systems, universities and other 501(c)(3) organizations.

As a national finance practice, we have represented the largest nonprofit healthcare system in the country as well as one of the largest Catholic Universities in the United States. We give careful attention to charitable trust issues, such as financial support and transfers across jurisdictional lines as well as use of proceeds resulting from the transfer or sale of assets and the implications of mergers or consolidation.

Representing hospitals and healthcare facilities as well as universities and other 501(c) (3) organizations as borrowers demands creativity to best utilize the multitude of tax requirements in tax-exempt bond transactions. These tax requirements, if thoroughly understood, create myriad opportunities for debt management.

Our in-depth knowledge of IRS regulations creates an opportunity for client borrowers to enhance their financial and operational flexibility. When we structure a transaction to identify and segregate the use of bond proceeds, often combined with the reimbursement component of a bond issue, the results can include greater future flexibility in use of financed facilities and the minimization of the time required to monitor compliance with private use requirements.

We have closed deals for borrowers in twenty-five states, the District of Columbia and Puerto Rico. We serve as counsel to financial institutions that provide liquidity and/or credit enhancement with respect to tax-exempt bonds and have served as bond counsel, underwriter’s counsel and insurer’s counsel in connection with tax-exempt bond offerings throughout the United States.

As a national finance practice, we have represented the largest nonprofit healthcare system in the country as well as one of the largest Catholic Universities in the United States. We give careful attention to charitable trust issues, such as financial support and transfers across jurisdictional lines as well as use of proceeds resulting from the transfer or sale of assets and the implications of mergers or consolidation.

Representing hospitals and healthcare facilities as well as universities and other 501(c) (3) organizations as borrowers demands creativity to best utilize the multitude of tax requirements in tax-exempt bond transactions. These tax requirements, if thoroughly understood, create myriad opportunities for debt management.

Our in-depth knowledge of IRS regulations creates an opportunity for client borrowers to enhance their financial and operational flexibility. When we structure a transaction to identify and segregate the use of bond proceeds, often combined with the reimbursement component of a bond issue, the results can include greater future flexibility in use of financed facilities and the minimization of the time required to monitor compliance with private use requirements.

We have closed deals for borrowers in twenty-five states, the District of Columbia and Puerto Rico. We serve as counsel to financial institutions that provide liquidity and/or credit enhancement with respect to tax-exempt bonds and have served as bond counsel, underwriter’s counsel and insurer’s counsel in connection with tax-exempt bond offerings throughout the United States.

Experience