Julie Seymour represents and counsels banks and borrowers, including hospitals, health systems, educational and cultural institutions and long-term care providers; governmental issuers; underwriters; and trustees in connection with tax-exempt and taxable financings. Since 1990, Julie has been involved in billions of dollars of tax-exempt bond financings, including fixed and variable rate structures, as well as secured and unsecured lending transactions.
In my finance practice, I regularly work with financial institutions in connection with the direct purchase of tax-exempt bonds and credit and/or liquidity facilities issued to support tax-exempt and taxable municipal securities. In addition, I represent and counsel conduit borrowers in structuring and negotiating their taxable and tax-exempt financing transactions, and negotiate and draft documents in a manner that maximizes flexibility and protection for those borrowers.
I also regularly advise clients on ongoing compliance matters, including secondary market disclosure, Internal Revenue Service (IRS) audits, change in use of bond-financed facilities, the impact of covenants on affiliation activity, and reporting requirements for the IRS Form 990, Schedule K.
I anticipate additional regulatory scrutiny from the Securities and Exchange Commission regarding continuing disclosure, as well as increased demand for timely and detailed disclosure regarding privately placed bonds. In addition, as the country’s health care delivery system evolves, I anticipate the continued consolidation of health care providers. These consolidations will likely require restructuring of the outstanding debt of the consolidating entities, which will significantly impact our borrower and lender clients.
Julie speaks regularly on tax-exempt finance and healthcare lending issues. She previously served as a member of the National Association of Bond Lawyers’ Steering Committee and chair of the “Current Issues in Healthcare Finance (Non-Tax Matters)” for its annual Bond Attorneys’ Workshop. She is also a frequent guest lecturer for Loyola University Chicago School of Law’s health law LLM program.
The Bond Buyer | March 03, 2020
This article mentions Nixon Peabody as borrower’s counsel for NorthShore University Health System’s plan to sell new-money and refunding debt next week. Chicago Project Finance and Public Finance partner Julie Seymour and associate Gretchen Sherwood were the deal attorneys.
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University of Illinois College of Law, J.D., cum laude
University of Illinois College of Commerce and Business Administration, M.B.A.
Rockford College, B.A., cum laude