Financings for Healthcare System

Represented a large not-for-profit healthcare system in the financings of new hospitals in multiple U.S. cities and in the financing of capital expenditures related to the acquisition of a health system.

Financings for Educational Institution 

Represented a large urban university in a number of financings to support its mission of service to the community.

Workouts and Distressed Capital

Represented numerous 501(c)(3) institutions in workouts and distressed situations including transfers of control and creative financings with lenders including banks and bond funds.

Financings for 501(c)(3) Organizations

Represented 501(c)(3) borrowers in taxable and tax-exempt working capital financings.

Self-Liquidity Solution for Borrower

Represented a borrower in establishing multi-bank lines of credit for self-liquidity and to support commercial paper and variable rate bonds.

Taxable Commercial Paper Programs

Represented borrowers in establishing taxable commercial paper programs both with self-liquidity and with liquidity support.

New and Replacement LOCs for Borrower

Represented borrowers in connection with new and replacement letters of credit to support variable rate bonds.

Remediation of Financed Assets

Remediated financed assets (hospitals, land, equipment) in multiple locations to permit future private use of the assets.

Hospital Financed-Asset Sales

Sold financed assets (hospitals) exclusively for cash to recycle bond proceeds.

Multi-state Simultaneous Bond Offering

Represented borrowers in connection with a simultaneous bond offering with multiple state issuers for projects within many states.

Advise Bank in SBPA and Health System Acquisition

Served as bank counsel for Standby Bond Purchase Agreements and in health system acquisitions.

$125M Tax Exempt Working Capital Financing

$125M Tax Exempt Working Capital Financing (Borrower's counsel)

$1B Commercial Paper

$1B Commercial Paper program (Borrower’s counsel).

$200M Taxable Hospital Bonds

Borrower's counsel in connection with $200M Taxable Bond issue in New Jersey.

$400M Letter of Credit Reimbursement Agreements

$400M Letter of Credit Reimbursement Agreements (Borrower’s counsel).

$435M Simultaneous Bond Offerings

$435M Simultaneous bond offerings with four state issuers for projects in five states (Borrower’s counsel).

$500M Standby Bond Purchase Agreements

$500M Standby Bond Purchase Agreements (Bank counsel)

Allocation of Purchase Price

Allocated purchase price of hospitals to create minimum compliance responsibility and maximum flexibility as to future use (Borrower’s counsel).

Negotiation of $130M Restricted Donation

Negotiated $130M restricted donation to redeem high coupon tax exempt bonds (Borrower’s counsel).

Remediation of Financed Assets

Remediation of financed assets (hospitals, land, equipment) in multiple locations to permit future private use of the assets and/or to reduce the required remediation amount (Borrower’s counsel).

Sale of Financed Assets

Sale of financed assets (hospitals) exclusively for cash to recycle bond proceeds (Borrower’s counsel).