Julie K. Seymour

/My focus

In my finance practice, I regularly serve as bank, borrower, underwriter, and bond counsel on transactions for health systems, colleges and universities, cultural institutions, and other nonprofit entities across the country. This work involves the underwriting or direct purchase of tax-exempt bonds and credit and/or liquidity facilities issued to support tax-exempt and taxable municipal securities. I also 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.

/Representative experience

• Representing Cook County, Illinois, as co-bond counsel for its $280 million General Obligation Series 2022 Bonds.
• 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 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 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 bonds issued on behalf of public charter schools across the country.

/Looking ahead

I anticipate increased demand for timely and detailed disclosure regarding privately placed bonds. In addition, as the country’s healthcare providers face various operational challenges, I anticipate assisting those providers and their bank partners work through covenant defaults and restructurings.

/Insights

• Speaker, Let's Talk: A conversation with Kim Barker Lee, Chief Legal Officer at Bally's Corporation, Virtual, May 10, 2023
• Speaker, BondLink Webinar, “COVID-19 Disclosures: What We’ve Learned & Lessons For Going Forward”, Virtual, June 17, 2021
• Julie speaks regularly on tax-exempt finance and healthcare lending issues.