A Locke Lord Texas team led by Kevin Twining (Dallas) with assistance from DeLaina Mulcahy (Houston) represented Goodwill Industries of Central Texas as bond counsel in connection with a $90 million financing and refinancing of properties located in Bastrop, Travis and Williamson Counties. The financing was comprised of a tax-exempt loan for the refinancing of 13 existing facilities and the construction of a new facility, a taxable loan for the purchase of currently leased facilities and a working capital line of credit. Each loan was secured by a Master Trust Indenture to collateralize this debt and any future debt of the client. Twining worked on the financing documents and Mulcahy represented Greater Texas Cultural Education Facilities Finance Corporation, which served as the conduit issuer of the tax-exempt facility.
Posted on January 20, 2022