09.29.2020 | Firm News
Assistance from Burr Helps Bring $19 Million in JEDA Bonds to St. Joseph/Candler Health System
Through a bond issued by the South Carolina Jobs-Economic Development Authority (JEDA), St. Joseph’s/Candler Health System is able to expand their services to a new medical campus in Bluffton, South Carolina. The tax-exempt Hospital Revenue Bonds, totaling approximately $19 million, will be used to finance and refinance the acquisition of land, buildings and equipment needed to consolidate oncology services in one location for the new medical campus. The new venture is predicted to add 16 new jobs within 24 months of the Bluffton Campus opening. Burr’s Michael Seezen served as South Carolina co-Bond Counsel for this project. In an article prepared and distributed by JEDA describing the project, Michael is quoted stating,
“Bond financing is a complex venture. We’re pleased and feel privileged that St. Joseph’s/Candler turned to us for guidance.”
Michael is a partner in the firm’s Columbia office and is the Chair of the firm’s Public Finance Practice Group. Michael is a transactional and securities lawyer whose areas of practice include public finance, corporate securities, and SEC reporting. Michael principally represents issuers of debt and/or equity securities, including state and local governments (e.g. cities, counties, and special purpose districts), hospitals, colleges and universities, manufacturing companies, and utilities.