Gretchen Sherwood represents healthcare entities and nonprofit organizations in connection with various transactional matters and advises nonprofit borrowers, underwriters, and banks in connection with tax-exempt and taxable financings, strategy, and compliance issues. Gretchen is a member of the firm’s Pro Bono Committee.
I regularly serve as borrower’s counsel, underwriter’s counsel, or bank counsel on financing transactions for hospitals and health systems throughout the country. In addition, I advise clients through every phase of the deal, from initial structuring, drafting and negotiation, diligence review, and disclosure determinations, to implementation of post-issuance compliance procedures following closing of the transaction. I assist clients on ongoing compliance matters, including secondary market disclosure, reporting requirements, navigating events of default and change in use of bond-financed facilities.
My work also includes advising healthcare providers on corporate governance and formation matters, counseling such providers in connection with strategic affiliations or joint ventures, and other corporate contracting matters.
I have substantial experience with financing individual charter schools, charter schools under common management, and charter school networks through various structures, including bond issuances, bank loans, and other credit facilities. Through my practice, I have become well versed in the nuances of state charter and school choice laws, and regularly structure such financings to ensure compliance.
I regularly represent financial institutions issuing credit or liquidity facilities to support nonprofit borrowers. Much of this work involves structuring and negotiating secured and unsecured lending transactions, including limited offerings and private placements, revolving lines of credit, and term loan facilities.
States are increasingly evaluating K–12 school choice options such as tax-credit scholarships, voucher programs, and additional charter school programming, which is likely to result in new market entrants in need of affordable access to capital through bond financing.
DePaul University College of Law, J.D., health law certificate, magna cum laude, Order of the Coif
Saint Louis University, B.S., magna cum laude
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