Edwards Wildman Represents Northeastern University in Connection with $250 Million Bond Issue to Finance New Science and Engineering Facility
Edwards Wildman represented Northeastern University as bond counsel and borrower’s counsel in connection with the issuance of $250,000,000 aggregate principal amount of tax-exempt and taxable bonds, which were issued on January 23, 2014. The proceeds of the bonds will be used by the university primarily to finance the construction, furnishing and equipping of a new, approximately 225,000 square foot, six-story Interdisciplinary Science and Engineering Building (ISEB), including classrooms, administrative office space and laboratory space, to be located on Columbus Avenue in Boston, adjacent to the Ruggles MBTA Station. The university expects this new facility, which is scheduled to open in 2016, to help transform its research enterprise by providing a state-of-the-art facility and infrastructure that will foster collaboration across disciplines and increase the university’s capacity to hire top faculty and academic leaders. The firm’s public finance lawyers have been assisting the university with its capital financing needs for almost two decades.