Bond Counsel for senior living organization’s $63.7 million transaction

When Maple Knoll Communities, Inc. decided to refinance its existing debt, it requested we act as bond counsel on the financing. We worked with the Butler County Port Authority to serve as issuer of the bonds, which were issued in three separate series and a $3.1 million taxable loan.

We prepared a new Master Trust Indenture for our client and its affiliates and the Indenture of Trust (Bond Indenture) pursuant to which the Series 2013 Bonds, which included one series of public offered fixed rate bonds and two series of privately-placed variable rate bonds, were issued to refund Maple Knoll’s outstanding bonds, refinance a line of credit and refinance other debt of our client.

We assisted Maple Knoll and the Port through the bond issuance process, performed tax analysis and assisted Maple Knoll in refinancing its existing debt.