Cultural Institutions
Hawkins has served as bond counsel or underwriter's counsel for a diverse range of museums and other cultural and charitable institutions. Our engagements have often involved providing our clients with analysis and advice with respect to the plan of finance, including fundraising pledges, project eligibility, financial covenants and bond structuring, thereby maximizing flexibility in the proposed plan of finance. Noteworthy recent engagements include:
California Academy of Sciences
The Firm was Bond Counsel for the bonds issued on behalf of California Academy of Sciences (the "Academy") in connection with the Academy's recently completed project to build new facilities for its Natural History Museum, Steinhart Aquarium and Morrison Planetarium. The Academy's plan of finance initially involved two series of bonds issued in 2003 and 2005, the first issued for planning and design costs and the second for hard construction costs. In 2008, the Academy refinanced all of its debt with 6 series of variable rate demand obligations in the aggregate amount of $281,000,000. The Firm has assisted the Academy with analysis and advice with respect to fundraising pledges, the project and the plan of finance.
Los Angeles County Museum of Art
The Firm served as Bond Counsel for bonds issued on behalf of the Los Angeles County Museum of Art ("LACMA") in 2008 for a $383,000,000 bond issue that included 5 series of variable rate demand bonds. The Firm also served as bond counsel for LACMA projects in 2007 and 2004. The bonds were issued to finance a new art museum and grand entranceway to the LACMA complex and a parking garage. As Bond Counsel, we advised LACMA on numerous complex tax and other issues regarding its plan of finance.
Los Angeles Museum of Natural History
The Los Angeles County Museum of Natural History Foundation supports the
The J. Paul Getty Trust
The Firm has served as underwriter's counsel on several transactions for The J. Paul Getty Trust (the "Getty Trust"). The transactions included a $225 million commercial paper offering completed in 2002, a $275 million long-term bond issue completed in May 2003, a $250 million long-term taxable bond issue completed in October 2003, and a $96 million long term bond issue completed in September 2004. The Firm assisted the Getty Trust and the underwriters with a number of challenging disclosure issues concerning the projects and the complex financing structures of these issues.
World Wildlife Fund, Inc.
The World Wildlife Fund, Inc. ("WWF") is an international conservation organization. While WWF had historically benefited from both individual and corporate philanthropy, prior to 2000 it had not raised capital through the issuance of debt. Hawkins served as underwriter’s counsel in connection with the issuance of $42 million Series 2000A Bonds, which were sold on a competitive basis as tax-exempt fixed rate bonds, and $41.3 million Taxable Variable Rate Bonds, Series 2000B, which were sold as taxable variable rate demand obligations. The proceeds of both series of bonds were applied to finance an eight-story, 235,000 square foot office building.
The National Academy of Sciences
The National Academy of Sciences ("NAS") is the premier scientific society in the
