Lona J. Valentine

Experience

Bond Counsel for $1.16 Billion Health Care Financing

Client: Bon Secours Mercy Health, Inc.

We served as bond counsel for Bon Secours Mercy Health, Inc., one of the nation’s 20 largest health care systems, with respect to the issuance of several series of bonds totaling $1.16 billion in aggregate principal amount. As bond counsel, we assisted with each step of the financing process, which involved the public offering of municipal tax-exempt and corporate taxable bonds involving issuers in three states. The bonds were issued in April of 2020 and enabled the financing or refinancing of health care facilities in Ohio, South Carolina, and Virginia while also contributing to the re-opening of the capital markets for health care borrowers during the COVID-19 pandemic. These combined bond deals were selected by The Bond Buyer as its 2020 Deal of the Year in the Health Care Financing Category.

Arbitrage Rebate Counsel for virtually every type of tax-exempt bond financing

Arbitrage Rebate Counsel for virtually every type of tax-exempt bond financing

Served as a thought leader for shaping the firm's IRS Circular 230 strategy

Served as a thought leader for shaping the firm's IRS Circular 230 strategy

Special counsel to 501(c)(3) entities in completing Schedule K of the IRS Form 990

Special counsel to 501(c)(3) entities in completing Schedule K of the IRS Form 990

Special tax counsel to issuers and conduit borrowers in IRS bond audits

Special tax counsel to issuers and conduit borrowers in IRS bond audits

Special tax counsel to issuers and conduit borrowers IRS Voluntary Closing Agreement Program (VCAP) Requests

Special tax counsel to issuers and conduit borrowers IRS Voluntary Closing Agreement Program (VCAP) Requests