Julie K. Seymour

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 healthcare delivery system evolves, I anticipate the continued consolidation of healthcare 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 healthcare 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 healthcare 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 healthcare lending issues.