Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. announced that it represented the Massachusetts Educational Financing Authority (MEFA) in its recent $400 million bond offering, the largest tax-exempt deal completed by MEFA in its nearly thirty year history. The deal will allow MEFA, a non-profit, self-financing state authority, to once again offer education loans.
MEFA was unable to raise funds to offer loans at the beginning of this school year as a result of difficulties in the education loan bond market. The deal closed on September 16, 2008, making it one of the last large deals to be completed in the nation before the current crisis generally shut markets down.
Greg Sandomirsky, a Member of Mintz Levin's Public Finance practice, represented MEFA in the transaction, together with Len Weiser-Varon, Mike Solet, Cynthia Larose, Julie Korostoff and Meryl Epstein, Members in the Public Finance, Tax, Corporate and Real Estate practices. Also assisting were Associates Mark Dutkewych, Colin McNiece and Elissa Flynn-Poppey and Sean Dempsey, a paralegal. According to Sandomirsky, "Due to these challenging economic times, the deal was far more time consuming and challenging than initially thought."
Mintz Levin's public finance practice is nationally recognized for its quality, breadth and high commitment to client service. The practice, made up of more than 20 professionals in the firm's Boston, New York and Washington offices, represents bond issuers, underwriters, institutional investors, borrowers, trustees and credit enhancers in public sector programs and in various industries including health care, higher education, housing, manufacturing, museums, hotels, airlines and human service providers across the country. For 2006 and 2007, The Bond Buyer ranked Mintz Levin among the top bond counsel in the Northeast Region, with a total dollar volume each year in excess of $4 billion.
Mintz Levin is an AmLaw 100 law firm with offices in the US and the UK. The firm has exceptional depth in a broad range of practice areas, but our clients recognize that what sets us apart from other law firms is our industry focus. By truly understanding business drivers and industry trends, we are able to provide our clients with more than just legal advice; we provide legal solutions to our clients' business issues. Since 1933, our lawyers have represented entrepreneurs, emerging growth companies, Fortune 500 companies, government agencies, not-for-profit organizations and leaders in primary industries that include Life Sciences/Biotechnology; Technology & Communications; Energy & Clean Technology; Financial Services & Insurance; Healthcare; Real Estate, Hospitality & Construction; and Retail & Consumer Products. Our practical knowledge combined with our industry expertise enables us to provide our clients with enterprise legal advice that gives their business a competitive advantage in the marketplace.