Hunton Andrews Kurth Advises Underwriters of the Regents of the University of Michigan’s $413 Million Bond Offering

Time 2 Minute Read
April 13, 2022
News

Hunton Andrews Kurth LLP advised underwriters in connection with the issuance by the Regents of the University of Michigan (the “Issuer”) of $413,205,000 aggregate principal amount of its General Revenue Bonds, Series 2022C (Taxable). The proceeds of the Series 2022C Bonds are expected to be used by the Issuer for the purpose of advance refunding certain outstanding indebtedness of the Issuer and paying costs incidental to the issuance of the Series 2022C Bonds.

The Issuer is established under Article VIII, Section 5 of the Constitution of Michigan of 1963 and is granted the general supervision of the University of Michigan (the “University”) and control and direction of all expenditures of University funds.  The University was originally chartered in 1817 by the Michigan territorial legislature and located in Detroit. In 1837, after Michigan had been admitted to the United States, the State of Michigan renewed the charter and located the University in Ann Arbor, where classes were first held in 1841. The University celebrated its bicentennial in 2017. The main campus of the University continues to be located in Ann Arbor, 43 miles west of Detroit. Major campuses are also maintained in the cities of Dearborn and Flint, Michigan. Undergraduate programs in nearly 500 fields of study are offered by these three campuses.

The Hunton Andrews Kurth team included Bud Ellis, Brendan M. Staley and Brendan P. Harney. Andrew Kintzinger provided tax advice.

Media Contact

Lisa Franz
Director of Public Relations

Jeremy Heallen
Public Relations Senior Manager
mediarelations@HuntonAK.com

.

Jump to Page