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Public Finance

  • Represented the indenture trustee and bondholders in the workout of a Mississippi affordable housing project with low income housing tax credits.
  • Served as underwriters’ counsel for the issuance of the Colorado Housing and Finance Authority Single Family Mortgage Bonds, Class I Bonds, 2018 Series A, Class I Bonds, 2018 Series B-1 and Class II Adjustable Rate Bonds, 2018 Series B-2.
  • Served as bond counsel and general counsel to the Massachusetts Educational Financing Authority for brand new student loan refinance program, offering a flexible program for borrowers, including both fixed rate and variable refinancing options to lower rates and consolidate repayment. . Our work included the public offering of debt as well as the legal work on all the documents for the new loan program and the extensive consumer protection regulation.
  • Represented MassHousing in connection with all of their multi-family programs for over 20 years. In 2017, we served as bond counsel to MassHousing in connection with 10 bond issues totalling approximately $350,000,000 and 2 note issues totalling over $100,000,000 and issuer counsel in connection with their Federal Financing Bank Participation Certificate Program.
  • Served as bond counsel to the Maine Turnpike Authority for decades, most recently in connection with the financing of a portion of the Authority’s capital plan, including with respect to widening and extending the toll road and modernizing the toll technology. We also worked with the Authority to address proposed legislation that would eliminate the existence of the Authority.
  • Served as purchaser’s and underwriter’s counsel in a series of transactions from late 2017 to early 2018 to Citigroup Global Markets.
  • Representation of purchaser’s counsel for investors in a limited offering of tax-exempt bonds offered by the Director of the State of Nevada Department of Business and Industry through Morgan Stanley for the benefit of Fulcrum Sierra BioFuels, LLC.
  • Serving as counsel to Boston College on all financing matters for over 20 years, including recently in connection with the potential issuance of revenue bonds to fund capital projects at the College.
  • 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.
  • Served as co-bond counsel to the Brooklyn Arena Local Development Corporation in the refinancing of certain bonds issued for the construction of the Barclays Center in Brooklyn, NY. The Barclays Center is home to the Brooklyn Nets and New York Islanders and serves as a venue for other entertainment, cultural, sporting and civic events.
  • Serving as bond counsel for the development of the Manhattan West Residential Housing Revenue Bonds, a project that began in 2015.
  • Served as counsel to the underwriters for the issuance of the Colorado Housing and Finance Authority Federally Taxable Multi-Family/ Project Class I Bonds, 2018 Series A-1 and Adjustable Rate Bonds, 2018 Series A-2.
  • Served as bond and borrower counsel to College of the Holy Cross in connection with refunding bonds and bank line of credit amendments.
  • Represented four indenture trustees in the workout of over $500 million in bonds affected by the bankruptcy of a major senior housing developer
  • Served as borrower counsel to Bowdoin College for a recent bond refunding.
  • Represent UMB as indenture trustee in the liquidation of a Missouri special assessment bond. This matter requires some innovative techniques to achieve the termination of a special assessment lien with a supermajority of bondholders. We are also dual tracking to potentially sell assessment district parcels via foreclosure proceedings.
  • Served as bond counsel to the Massachusetts School Building Authority with respect to its $395 million subordinated dedicated sales tax bonds. The proceeds were used by the Authority to repay its commercial paper program that was expiring. Proceeds of the commercial paper program were used to make grants for school construction. This was the first subordinate lien transaction done for the Authority outside of the context of direct subsidy bonds.
  • Served as bond counsel and disclosure counsel in connection with a combination new money and refunding transaction in the total aggregate amount of $815 million. The Commonwealth issued two series of new money bonds in principal amount of $600 million to finance various capital projects of the Commonwealth and a refunding of $215 million. Each series was sold through a competitive process and ultimately sold to two different purchasers.
  • Served as bond counsel and disclosure counsel on a complex $1.5 billion revenue anticipation note transaction. The transaction was sold competitively and ultimately placed in 15 pieces to 10 different purchasers.
  • Served as bond and borrower’s counsel to Partners HealthCare System, Inc. in connection with the issuance of $100,000,000 Massachusetts Development Finance Agency Revenue Bonds, Partners HealthCare System Issue, Series R-1 and R-2. The Series R bonds were privately placed with 2 different banks and involved new money project financing.
  • Served as bond counsel to the Massachusetts Development Finance Agency in connection with bonds and notes issued for the financing of various capital projects for institutions of higher education and hospitals.
  • Represented indenture trustees, bond insurers and bondholders in the default and workout of numerous charter schools located throughout the country.
  • Represented the indenture trustees in the restructuring of bonds or sale of assets for special assessment districts located throughout the country.  
  • Represented the new money investor of $30 million of senior debt in a senior housing development.
  • Served as bond and borrower counsel to Merrimack College with respect to new money bonds issued by the Massachusetts Development Finance Agency
Case Study
Mintz served as co-bond counsel for the Brooklyn Arena Local Development Corporation in connection with the construction financing and refinancing of the Barclays Center. Mintz
Public Finance and Tax attorneys worked on the “Payments in Lieu of Taxes” (PILOT) bond issues.
Case Study
Mintz has a decades-long bond counsel relationship with the Commonwealth of Massachusetts. Mintz served as bond counsel and disclosure counsel on an $815 million new money and refunding transaction and a $1.5 billion note transaction for the state.
Case Study
Mintz has served as bond counsel to MassHousing for all their multifamily programs for over 30 years. In 2017, Mintz attorneys advised the agency on 25 transactions totaling more than $750 million.
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.
Case Study
Mintz is advising a National Hockey League (NHL) team on deal structures to finance the construction of a proposed new arena that would involve about $400 million in public funding. Mintz counsels the organization on public finance / bond transactions, insurance law, and tribal law.
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 New York State Housing Finance Agency in connection with multiyear, multimillion-dollar development projects in Brooklyn and Manhattan. Agency bonds funded affordable housing at the historic 19th century Domino Sugar plant in Brooklyn.
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.