Public Finance
- Serves as bond and disclosure counsel to the Commonwealth of Massachusetts, which included assisting with the issuance of the first ever green bond in the nation by a state entity. We also advised the Commonwealth in establishing a first in the nation unemployment trust bond program.
- Serves as bond and/or borrower counsel to numerous higher education institutions including Boston University, the College of the Holy Cross, Merrimack College, and Johnson & Wales University with respect to new money and refunding bonds issued by conduit issuers.
- Served as underwriter’s counsel to Morgan Stanley for a New York State Housing Finance Agency affordable housing revenue bonds transaction.
- Serves as bond and disclosure counsel to the Maine Turnpike Authority since 1997. We worked with the Authority to address proposed legislation that would eliminate the existence of the Authority. On new bond issues, we work with the Authority to ensure there is proper authorization for the bonds and complete tax analysis for the expenditures.
- Served as purchaser’s counsel on a first of its kind transaction in the municipal bond space: the new structure was financed with tax-exempt bonds and involved an off-balance sheet transaction whereby medical office buildings were sold to a nonprofit and leased back to a hospital system. Additionally, we facilitated creation of a ground lease structure with a lease back to the hospital system and a debt guaranty.
In July 2024, Mintz closed a revolving note purchase agreement for MassHousing that allows the agency to borrow up to $100 million in private activity bonds, providing funds to be lent to developers creating low-income housing in the Bay State.
Mintz served as bond counsel, finance counsel, and program counsel on the issuance of four tranches of revenue bonds in June 2024 by the Massachusetts Educational Financing Authority, which totaled more than $475 million.
A cross-practice Mintz team, led by several Public Finance Members, assisted Mass General Brigham in a $460 million publicly offered tax-exempt bond financing. The transaction marked the not-for-profit, integrated health care system’s return to the public debt market after nearly four years.
Public Finance and Tax attorneys worked on the “Payments in Lieu of Taxes” (PILOT) bond issues.