Jonathan Leatherberry focuses his practice on public debt offerings and business transactions, particularly related to the healthcare industry. He has served nationally as bond counsel, borrower’s counsel, underwriter’s counsel, disclosure counsel, trustee’s counsel for general obligation and revenue financings involving hospitals, nursing facilities, retirement facilities, primary and secondary education facilities, universities, cultural arts centers and charter schools.
Jonathan also advises non-profit and for-profit organizations on general corporate matters, fiduciary responsibilities, mergers and acquisitions, liquidity and credit facilities, workout and restructuring situations, and disclosure matters.
He has experience drafting and negotiating public and private debt offerings and all related documentation for 501(c)(3) organizations.
Recent Notable Matters
Baylor Scott & White Health — underwriter’s counsel in the Tarrant County Cultural Education Facilities Finance Corporation issuance of $500 million of Hospital Revenue Bonds, Series 2022D, 2022E and 2022F for the construction, renovation, and equipping of hospital facilities located in North and Central Texas
Texas Children’s Hospital — bond counsel and disclosure counsel to Texas Children’s Hospital in connection with $528.78 million of Hospital Revenue Bonds, Series 2021A, Series 2021B, Series 2021C, and Series 2021D, which will fund Phase 1 of a new children and women’s hospital in Austin, Texas
New Hope Cultural Education Facilities Finance Corporation — underwriter’s counsel in connection with the issuance of four series of taxable and tax-exempt bonds totaling approximately $538 million for Sanctuary LTC Project to finance the acquisition of 26 senior healthcare facilities in Texas and Oklahoma by Sanctuary LTC, LLC. In addition to acquiring the properties, the proceeds of the bonds will fund certain capital expenditures, fund a debt service reserve fund for the senior bonds and pay the costs of issuance.
Methodist Hospitals of Dallas — bond counsel and disclosure counsel in connection with $209 million issue of tax-exempt bonds to finance and refinance health facilities located across the Dallas metroplex
Forefront Living San Antonio — borrower’s counsel and disclosure counsel in connection with the New Hope Cultural Education Facilities Finance Corporation issuance of $22.340 million Retirement Community Revenue Notes (Forefront Living San Antonio – Bella Vida at La Cantera Project), Series 2023A. The proceeds of the Notes will be used to finance (i) the cost of acquiring approximately 27 acres of land in San Antonio, Texas, upon which will be constructed a new senior living facility anticipated to include 153 independent living apartments, 40 independent living cottages, and 16 memory support assisted living units; and (ii) the preconstruction development cost of the senior living facility.
DWD Bond Holdings, LLC — $400 million aggregate amount acquisition and financing of 22 skilled nursing facilities in Texas
Brazos Presbyterian Homes, Inc. and BHP Holding Co. — acquisition of Longhorn Village, an entrance fee life plan community in Austin, Texas, through a member substitution transaction resulting in BPHH becoming the sole member of Longhorn Village; before the change in control, Longhorn Village was previously sponsored by The Texas Exes, the official alumni association of the University of Texas