Health Care Facilities – Non-Tax Matters
This panel examines non-tax issues for financings of 501(c)(3) health care providers, and they address hot topics in health care finance. The two primary focuses are considerations for forward delivery issuances and lessons learned from the COVID-19 public health crisis and associated market turmoil impact on health care borrowers. The session includes unique disclosure and documentation considerations in forward delivery issuances, unique disclosure situations health care borrowers experienced during the COVID-19 crisis, and the experiences of health care borrowers during COVID-19 in managing liquidity and interest rate risk, and addressing default and potential default scenarios.
Panel Chair: Jessica M.J. Zaiger, Polsinelli, Kansas City, MO
Nancy A. Burke, Chapman and Cutler LLP
David S. Handler, Hawkins Delafield & Wood LLP
Robyn L. Helmlinger, Orrick, Herrington & Sutcliffe LLP
LIBOR Phase-Out Update
This panel provides listeners an update to the current state of the LIBOR Transition and challenges surrounding the phase-out of LIBOR, which occured for most non-USD LIBORs at the end of 2021, and for the more widely used USD LIBOR tenors end on June 30, 2023.
Panel Chair: Barry M. Rothchild, Nixon Peabody LLP, New York, NY
Susan Hughes, Wells Fargo
Jay Saunders, KPM Financial, LLC
E. Tyler Smith, Parker Poe Adams & Bernstein LLP
This panel reviews current and emerging market trends and related issues for housing practitioners, including: current deal structures and issues relating to volume cap use, federal legislation, the interplay of the low-income housing tax credit and housing bonds, disclosure considerations, the impacts and lessons learned during the COVID pandemic, and innovations in capital stacks.
Panel Chair: Jon P. Jurich, Pacifica Law Group LLP, Seattle, WA
Sisera Daniel, Kutak Rock LLP
Barbara Jane League, Orrick, Herrington, & Sutcliffe, LLP
Kevin H. Murphy, Hawkins, Delafield, & Wood, LLP
Preparing to Deliver the Bond Opinion
Purchasers of tax-exempt bonds rely on the opinion of bond counsel as to the compliance of the bonds with the requirements of the federal income tax code. The tax due diligence and documentation performed by bond counsel is a critical foundation for the delivery of the opinion. This panel explores various approaches to compliance with applicable tax requirements and the due diligence and documentation necessary to support the tax opinion.
Panel Chair: Victoria N. Ozimek, Bracewell LLP,
Matthias M. Edrich, Kutak Rock LLP
Daniel Semmens, Dorsey & Whitney LLP
Amanda V. Stephens, Orrick, Herrington, & Sutcliffe LLP
Private Activity Bond Tests
This panel reviews some of the basic principles of the private activity bond tests as well as address less straightforward applications of the rules including identification and allocation of private business use, especially as affected by the mixed-used project Regulations; management contract guidelines; and modifications to the remedial action Regulations. There are several hypotheticals addressing both pre and post issuance events.
Panel Chair: Keisha S. Palmer, Robinson & Cole LLP, Hartford, CT
Neil J. Kaplan, Hawkins, Delafield & Wood LLP
Martye M. Kendrick, LL.M., Greenberg Trauig, LLP
Lillan A. Plata, Nee Plata Law LLP
Public Private Partnerships - From Start to Finish
Public private partnerships have long been touted as a way for governments to shift costs and risks for public infrastructure projects to the private sector. This panel provides a high-level overview of the P3 process and discuss issues that are often negotiated during a P3 transaction including financing, structuring and tax issues. They also cover hot topics including recent P3 deals and federal infrastructure.
Panel Chair: Lorraine M. Tyson Greenberg Traurig, LLP, Chicago, IL
Kenneth R. Artin, Bryant Miller Olive P.A.
Steve T. Park, Ballard Spahr LLP
Stephanie D. Wagner, Mayer Brown LLP