L. E. (Ted) Brizzolara is a partner in the Dallas office. Ted has acted as bond counsel and underwriters’ counsel on over 700 transactions for 501(c)(3) health care providers, senior living providers and users of industrial facilities aggregating over $65 billion in principal amount. Ted has been with the firm since 1982.
Highlights & Notable Transactions
- Served as bond counsel on a transaction in which a 501(c)(3) entity acquired eight senior living facilities in Texas and Oklahoma, obtaining the approval of the Public Finance Division of the Texas Attorney General to the financing of the Oklahoma facilities with Bonds issued by a Texas issuer
- Served as bond counsel on a transaction in which a Texas issuer issued “draw down” bonds for a senior living facility, obtaining the approval of the Public Finance Division of the Texas Attorney General to the draw down structure and to each of the six draws funded over a 23 month period
- Served as bond counsel in a work out situation for a senior living provider with an Obligated Group of six affiliates operating six separate facilities, involving negotiations with several bond funds, banks, a foundation and their counsel resulting in a successful exchange refunding of the several outstanding bond issues and other debt
- Provided advice on numerous dispositions of hospital and senior living facilities, assisting the 501(c)(3) entity in navigating the requirements of the federal income tax code with respect to “change in use” of the facilities
- Acted as bond counsel on a transaction involving the affiliation of a 501(c)(3) hospital and the local governmentally-owned hospital, including negotiations with the city, county, authority board, bond insurers and the Public Finance Division of the Texas Attorney General
- Acted as underwriters’ counsel on numerous hospital transactions in which, due to the passage of time or changed circumstances, the disclosure with respect to the hospital and its operations and financial status had to be either substantially rewritten or be newly drafted
- Acted as bond counsel or underwriters’ counsel on numerous HUD 242 transactions for hospitals in Texas and Louisiana
Professional & Community Affiliations
Member, Dallas Bar Association
Member, State Bar of Texas
Member, State Bar of Georgia
Member, American Bar Association
Member, National Association of Bond Lawyers
Regular Fellow, American College of Bond Counsel
EDUCATION
The University of Texas at Austin School of Law, J.D., 1980 (with honors)
The University of Wisconsin, B.A., 1977 (with distinction)
RECOGNITIONS & AWARDS
Fellow, Texas Bar Foundation
Martindale-Hubbell® AV Preeminent® Peer Review Rated (2017)