Katrina Piligian Desmond

Following the affiliation of two non-profit Michigan hospitals, Katrina’s group worked as bond counsel to refinance the debt of both hospital systems, bringing them within the same credit group and creating synergies between the two hospitals. As tax counsel, this involved restructuring the debt of both hospital systems to ensure the interest on the debt continued to be tax-exempt following the transaction and thereafter. Katrina successfully helped to structure and document the transactions, resulting in millions of dollars in interest savings to the combined healthcare groups. 

Katrina works as tax and bond counsel on the annual issuance of State Aid Notes, whereby public school districts, who often face cash flow deficits prior to their receipt of State Aid Revenues, can borrow at a low-cost, short-term basis through the State of Michigan to bridge those working capital deficits. 

Katrina assisted in the tax structuring of the newly-formed Public Lighting Authority, as part of the City's plan to "light up Detroit" and continue its blight removal efforts. This work involved pre-and post-issuance tax analysis to allow for innovative public and private financing. 

Miller Canfield served as local counsel to the City of Detroit in connection with its Chapter 9 bankruptcy case filed in July 2013 and its ongoing restructuring efforts. Since the City confirmed its Plan of Adjustment in December 2014, Miller Canfield has continued to represent the City in connection with many aspects of its Plan implementation, appeals of Plan confirmation, set up of the Great Lakes Water Authority, and a variety of financings.