Julie K. Seymour

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.

What do you focus on?

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.

What do you see on the horizon?

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.

Representative Experience

  • Representing the largest Catholic health care system in Illinois in connection with the restructuring of over $1 billion of tax-exempt bonds to refinance existing debt and to finance new capital projects
  • Representing an Illinois health care system in connection with the remediation of certain of its tax-exempt bonds following the sale of bond-financed property
  • Representing two separate hospital providers located in Indiana and Wisconsin in connection with tax-exempt bond issues to finance replacement hospital facilities
  • Representing various domestic, national and regional banks in connection with the direct purchase of tax-exempt bonds issued on behalf of nonprofit entities located across the country
  • Negotiating with tax-exempt bondholders to obtain a waiver of various financial covenant defaults by a health system


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.

University of Chicago and several Illinois health systems prepping deals

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.


Julie K. Seymour

Deputy Practice Group Leader, Public Finance


Phone: 312-977-4353

Fax: 844-571-6781

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


  • Selected, through a peer-review survey, for inclusion in The Best Lawyers in America© 2020 in the fields of Health Care Law and Public Finance Law; listed since 2013; designated as the 2019 Public Finance Law “Lawyer of the Year” for Chicago, IL
  • Chambers USA: America's Leading Lawyers for Business, 2019 (Health Care/Illinois) 
  • Selected as a Leading Lawyer in Health Law and Public Finance Law in 2017 by Leading Lawyers Magazine
  • Recommended in The Legal 500 United States 2019 editorial for Industry focus—Health Care: Service providers
  • National Association of Bond Lawyers
  • Illinois Bar Association
  • Illinois Association of Healthcare Attorneys
  • American Health Lawyers Association
  • Women in Public Finance
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