Dinsmore Honored for Second Time in Three Years with Healthcare Deal of the Year Award by Bond Buyer
We are thrilled to announce The Bond Buyer has awarded Dinsmore’s healthcare financing team its 2022 Deal of the Year in the Healthcare Financing category. This is the second time in three years the Firm has been honored with the country’s top healthcare tax-exempt bond financing transaction.
The deal awarded with the honor was a $411,005,000 aggregate principal amount of bonds which were issued in April 2022 for University of Louisville (UofL) Health, Inc. and its nonprofit affiliates. According to The Bond Buyer, the financing “funded sorely needed capital and liquidity to further UofL Health's critical mission to its underserved community.” UofL Health CEO Tom Miller accepted the award at last month’s ceremony in New York City.
“On behalf of the Dinsmore team of attorneys (Mark Franklin, Todd Gibson, Lona Valentine, and Callie Kidwell) who worked on this financing, I’d like to add our congratulations to UofL Health and our thanks for allowing us to serve as your bond and borrower’s counsel,” said Dinsmore public finance partner Mark Franklin. “It was a pleasure to facilitate UofL Health’s inaugural financing for important new facilities that will serve members of our community for decades to come. The deal team experienced, and readily dealt with significant challenges – those normally attendant with the first time a borrower comes to market, but also rapidly changing market conditions during March and April 2022.”
The financing also involved Louisville/Jefferson County Metro Government, Kentucky, as the issuer of the tax-exempt and taxable bonds.
Dinsmore served as both bond counsel and borrower’s counsel for the financing, which involved the public offering of tax-exempt and taxable bonds to finance new healthcare facilities located both in downtown Louisville and Bullitt County, Kentucky.