Bond Transactions

Kean Miller LLP provides innovative advice and counsel to clients in bond transactions. We issue opinions, negotiate agreements, and produce transaction documents for a wide variety of clients - from non-profit organizations, to municipalities, to financial institutions.

Representative Experience:
  • Representation of a Louisiana limited liability company in a financing transaction where the Louisiana Public Facilities Authority issued $16,500,000 in revenue bonds.  The bond proceeds were used to finance the construction of an intrastate pipeline.  The payment of the bonds was secured by a mortgage on the pipeline.
  • Representation of a Louisiana limited liability company in a financing transaction where the local public trust authority issued $6,600,000 in industrial revenue bonds.  The bond proceeds were used to finance the construction and equipping of a treated wood utility pole manufacturing plant.
  • Representation of a Louisiana non-profit corporation in a financing transaction where the local public trust authority issued $20,875,000 in University Student Lease Revenue Bonds. The bond proceeds were loaned to the non-profit corporation to pay for the construction, improvement and equipping of student housing facilities located on the main campus of a Louisiana university. The payment of the bonds was secured by a mortgage on the leasehold interest of the student housing facilities.
  • Representation of a municipality in a financing transaction for the issuance of $13,650,000 Certificates of Participation in a Lease Agreement (with Option to Purchase). The certificates were issued to finance the acquisition, renovation, construction and equipping of a 592-bed detention facility located in Louisiana. The detention facility houses inmates of the Louisiana Department of Public Safety and Corrections pursuant to a Cooperative Endeavor Agreement between the municipality and the Department. The amounts paid by the Department pursuant to the Cooperative Endeavor Agreement are used to fund the payment obligations of the certificates.
  • Representation of a Texas non-profit corporation in a financing transaction where the Louisiana Public Facilities Authority issued $3,500,000 Revenue Bonds. The bonds were issued to finance the acquisition, renovation and equipping of a long-term drug and alcohol therapeutic treatment facility located in Baton Rouge. Payment of the bonds was secured by an irrevocable direct-pay letter of credit issued by a regional financial institution issued simultaneously with the issuance of the bonds. The letter of credit was secured by a mortgage on the treatment facility.
  • Representation of a regional bank in a financing transaction where a real estate company issued $8,000,000 of its Taxable Variable Rate Securities Series 2003. The bonds were secured by an irrevocable direct-pay letter of credit issued by the bank.
  • Representation of a regional bank in a financing transaction where a senior living center issued $6,405,000 of its Variable/Fixed Rate Secured Promissory Notes. The notes were secured by an irrevocable direct-pay letter of credit issued by the bank.
  • Representation of a senior living center in Baton Rouge in an issuance of bonds to support the expansion of its retirement community. A portion of the bonds were “low floaters” supported by a letter of credit and the balance was secured by the property.
  • Representation of publicly-traded company with their financing needs since the 1980s. In March 2003 we assisted with their latest negotiation of a Credit Agreement with an international financial institution for an extension of credit in an aggregate amount up to, but not to exceed $1,700,000,000. This credit extension was to refinance certain indebtedness and to provide funds for future acquisitions and the general corporate purposes of the company. In connection with this credit loan, secured subordinated notes were issued.