Richard J. Myslinski

New Jersey Health Care Facilities Financing Authority—Debt restructuring

Led working groups through the largest tax-exempt bond offerings of the New Jersey Health Care Facilities Financing Authority, which proceeds were used to facilitate complex debt restructurings for large New Jersey health systems following numerous merger transactions. These transactions involved the development of modern-style master trust indentures and the synchronization of complex financial reporting obligations, including issuer-required early warning tests, among 26 series of publicly-offered and privately-placed taxable and tax-exempt debt.

New York City Community Hospital—Debt restructuring

Guided a New York City community hospital with the restructuring of an existing credit facility, which involved the resolution of complex intercreditor rights of HUD, the disposition of assets, including developments rights, and the leasing of replacement office space.

Acute-care hospital—Healthcare systems transaction

Represented an acute-care hospital and its affiliates in its affiliation with New Jersey’s largest academic health system. The transaction involved filings required by Hart-Scott-Rodino with the Federal Trade Commission, CHAPA approval by the New Jersey Attorney General’s Office and the Superior Court, and approval of The Holy See. 

Various health systems and community hospitals—Complex merger transactions

Represented health systems and community hospitals in complex merger transactions, including the coordination of due diligence, merger/affiliation agreement negotiations, regulatory filings, and bond issuance. These representations include roles as underwriter’s and borrower’s counsel in the largest tax-exempt bond offerings of the New Jersey Health Care Facilities Financing Authority, which were used to facilitate complex debt restructurings for large New Jersey health systems following numerous merger transactions.

Conduit issuer—Bond counsel

Served as bond counsel to a conduit issuer in a $250 million tax-exempt bond financing for a marine cargo handling company in order to refinance outstanding debt and expand the company’s container terminal at Port Newark to improve road and rail transport, increase container volume, and accommodate ultra large container vessels following the completion of the project to raise the roadway on the Bayonne Bridge.

Two conduit issuers—Bond counsel

Served as bond counsel to two conduit issuers in a $100 million taxable and tax-exempt bond financing for a South Jersey school for children and adults with developmental disabilities, autism, and acquired brain injuries in order to refund certain debt and to finance the relocation and construction of a new campus for the school’s primary facility.

Behavioral health facility—Merger

Represented a nationally-renowned behavioral health facility in connection with its merger into one of New Jersey’s largest health systems. The merger will provide numerous improvements to the existing campus of the behavioral health facility and will provide a platform for its representatives to influence and enhance behavioral healthcare throughout the health system’s full continuum of care and service area, which encompasses most of the state.

Conduit issuer—Bond counsel

Served as bond counsel to a conduit issuer in connection with a $130 million tax-exempt publicly-offered bond/bank financing for the construction and equipping of a start-up continuing care retirement community, the first new CCRC to be constructed in New Jersey in about a decade.