As chair of the firm’s public finance practice, Michael Roynan focuses on nonprofit, government and real estate-based finance. He has served as bond counsel or counsel to issuers, banks and borrowers in more than 60 tax-exempt debt financings with an aggregate value in excess of $4 billion.
Mike has participated in many types of public finance transactions, with a particular emphasis in manufacturing, nonprofit and governmental financings.
A significant portion of Mike’s practice involves structuring and completing complicated project financings for the construction of major infrastructure improvements for nonprofit institutions. Mike has served as counsel to major regional and national financial institutions, hospitals, continuing-care retirement communities and museums in construction-based tax-exempt bond transactions. In these transactions — which often require the resolution of an array of real estate, credit and tax issues — Mike calls upon his deep training and experience in construction and project finance to allow teams to quickly and properly resolve any related issues.
Featured Representative Matters
Assisted five charter schools in their acquisition and construction of new facilities through the issuance of taxable and tax-exempt bonds with a total par amount in excess of $150 million.
Represented a major regional financial institution in the direct placement of $75 million of tax-exempt bonds, on a draw-down basis, for the benefit a community health system seeking to make improvements to its facilities and equipment.
Represented a major national financial institution in the direct placement of $100 million of tax-exempt bonds for the benefit of a major regional health system seeking to reimburse itself for prior capital expenditures, including those associated with the acquisition of a community hospital.
Represented a major regional financial institution in the conversion of over $45 million of letter of credit enhanced variable rate demand bonds benefiting a continuing-care retirement community to a direct placement mode.
Represented a community health system in the current refunding of over $50 million of tax-exempt bonds.
Represented a major national financial institution in the direct placement of over $65 million of tax-exempt bonds for the benefit of an obligated group of continuing-care retirement communities seeking to refund prior indebtedness and construction and renovate facilities.
Community Impact
Mike has a passion for advancing underprivileged youth through his service on the board of trustees of Chester County Futures. He serves on the board of governors and as greens chairman for the Spring Ford Country Club in Royersford, Pennsylvania.
Memberships
Member, American Bar Association
Board Member, Nominating and Governance Chairman, Chester County Futures
Board Member, Vice President, Secretary and Greens Chairman, Spring Ford Country Club
Member, National Association of Bond Lawyers
Member, Pennsylvania Association of Bond Lawyers
Recognitions
Chambers USA (Pennsylvania: Public Finance) (2025-26)
