Education & Health Care Financings
- Serves as bond counsel and general counsel to the Massachusetts Educational Financing Authority since its inception over 40 years ago. MEFA maintains an active three part capital program to fund a wide variety of higher education loans, two major college tuition savings programs, an ABLE program for eligible persons, educational programs and other public services for families and students. The three part capital program includes long term education loan bonds, taxable asset-backed notes meeting the requirements of the highly rated ABS market and a loan warehousing program funded by commercial paper.
- Served as bond and borrower counsel to Merrimack College with respect to new money bonds issued by the Massachusetts Development Finance Agency
- Served as bond and borrower counsel to College of the Holy Cross with respect to refunding bonds issued by the Massachusetts Development Finance Agency and bank loan amendments.
- Represented indenture trustees, bond insurers and bondholders in the default and workout of numerous charter schools located throughout the country.
- Serve as bond counsel to the Massachusetts Development Finance Agency in connection with bonds and notes issued for the financing of various capital projects for qualified institutions.
- Serves as borrower’s counsel to Mass General Brigham since its inception as Partners HealthCare over 25 years ago and also now serves as its bond counsel. Mass General Brigham’s capital structure includes a wide variety of long term and short term, tax-exempt and taxable, fixed and variable rate debt and credit facilities. Its debt includes a full range of publicly traded and privately placed debt as well as liquidity arrangements and interest rate hedges. Some of its larger single public offerings have been near or above $1 billion in principal amount.
- Serving as counsel to Boston College on all financing matters for over 20 years, including issuances of revenue bonds to fund capital projects at the College.
- Served as borrower counsel to Bowdoin College for a bond refunding.
- Served as bond and borrower counsel to College of the Holy Cross in connection with refunding bonds and bank line of credit amendments.
- Served as borrower and bond counsel for a new money and refunding tax exempt bond issue and direct issue of taxable bonds, totaling more than $1.3 billion and occurring simultaneously in Massachusetts and New Hampshire for Partner HealthCare. This was the largest borrowing ever for Partners, with the deal proceeding to market in just seven weeks in order to close in 2017 ahead of the tax law changes.
- Served as purchaser’s and underwriter’s counsel in a series of transactions from late 2017 to early 2018 to Citigroup Global Markets.
- Served as bond counsel to the Massachusetts Development Finance Agency in connection with a new money and refunding bond issues for Wellforce, Inc., a Massachusetts based health system.
Case Study
A cross-practice Mintz team, led by several Public Finance Members, assisted Mass General Brigham in a $460 million publicly offered tax-exempt bond financing. The transaction marked the not-for-profit, integrated health care system’s return to the public debt market after nearly four years.
Case Study
Mintz acted as bond counsel to the Massachusetts Development Finance Agency for a $429 million bond issue for Wellforce Inc. that consolidated three obligated groups into one.
Case Study
Mintz quickly closed one of Partners HealthCare’s largest-ever borrowings, totaling over $1 billion, ahead of the new federal tax bill’s effective date. The borrowing involved tax-exempt bonds issued simultaneously in MA and NH.
Case Study
Mintz serves as bond counsel to the Vermont Municipal Bond Bank. Mintz helped the bank design and implement a new financing structure for the Vermont State Colleges System by advising on disclosure statements, preparing audits for the IRS and addressing tax issues.