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Julie K. Seymour



Julie Seymour represents and advises banks; borrowers (including hospitals, health systems, educational and cultural institutions, and long-term care providers); governmental issuers; underwriters; and trustees in all aspects of tax-exempt and taxable financings. She also currently serves on Nixon Peabody’s Partner Compensation and Diversity & Inclusion Committees.

What do you focus on?

In my finance practice, I regularly serve as bank counsel on transactions for health systems, colleges and universities, cultural institutions, and other nonprofit entities across the country. This work involves the direct purchase of tax-exempt bonds and credit and/or liquidity facilities issued to support tax-exempt and taxable municipal securities. I also represent and counsel conduit borrowers in structuring and negotiating taxable and tax-exempt financing transactions, and negotiate and draft documents in a manner that maximizes flexibility and protection for those borrowers. During my career, I have worked on billions-of-dollars worth of financings across many states, including variable and fixed-rate bonds, put bonds, self-liquidity bonds, lines of credit, accounts receivable financings, and swaps, as well as secured, unsecured, and syndicated lending transactions.

What do you see on the horizon?

I anticipate 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, which will likely require restructuring of the outstanding debt of the consolidating entities, which will significantly impact our bank and borrower clients.

Representative Experience

  • Representing various banks in connection with the restructuring of over $750 million in indebtedness of a major health system, including the direct purchase of tax-exempt bonds, term loans, lines of credit, and liquidity facilities to support publicly traded bonds
  • Representing numerous banks in establishing “COVID-19” lines of credit on behalf of health care institutions, colleges, and universities across the country
  • Representing a bank syndicate in connection with a $700 million line of credit in favor of a major public university system
  • Representing the largest Catholic health care system in Illinois in connection with the restructuring of over $1 billion in tax-exempt bonds to refinance existing debt and to finance new capital projects
  • Representing two separate hospital providers located in Indiana and Wisconsin in connection with tax-exempt bond issues to finance replacement hospital facilities
  • Negotiating with tax-exempt bondholders to obtain a waiver of various financial covenant defaults by a health system
  • Representing an underwriter in connection with the issuance of bonds issued on behalf of public charter schools across the country.

Presentations

Julie speaks regularly on tax-exempt finance and health care lending issues.

COVID-19 sinks not-for-profit hospitals' operating margins

Modern Healthcare | March 25, 2021

This article, covering the pandemic’s impact on not-for-profit hospitals, quotes Chicago Project Finance & Public Finance partner Julie Seymour on how these hospitals have managed their expenses and reallocated resources in response to reduced demand for patient services.

With budget in rearview, Cook County turns sights to borrowing plans

The Bond Buyer | December 22, 2020

This article mentions the firm for serving as bond counsel to Cook County, IL, in its new money and refunding deals totaling about $600 million. The NP team included Chicago partner Julie Seymour, San Francisco partner Travis Gibbs and New York City counsel Abbie Olsen, all in the Project Finance & Public Finance group.

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.

Contact

Julie K. Seymour

Partner

Chicago

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

Illinois

Julie was selected, through a peer-review survey, for inclusion in The Best Lawyers in America© 2022 in the fields of Health Care Law and Public Finance Law (listed since 2013) and designated as the 2019 Public Finance Law “Lawyer of the Year” for Chicago, Illinois.

Julie has been selected by Chambers USA: America's Leading Lawyers for Business in Health Care/Illinois since 2014 and selected as a leading lawyer in health law and public finance law in 2017 by Leading Lawyers Magazine. She is also recommended in The Legal 500 United States 2019 editorial for Industry focus—Health Care: Service providers.

Julie Seymour is a member of the National Association of Bond Lawyers, the Illinois Bar Association, the Chicago Bar Association, the Illinois Association of Healthcare Attorneys, the American Health Lawyers Association, Women in Public Finance and also serves as a member of the Board of Directors of Presbyterian Homes (including serving on its Governance and Finance Committees). 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.

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