Brian L. Holman

Partner, Los Angeles Office

PROFESSIONAL SUMMARY

Brian Holman is a partner in Musick Peeler's Los Angeles office.  He advises and represents educational institutions and other parties in facility and working capital financing transactions and on general corporate and operations matters.  Brian has advised and represented educational institutions or other parties in transactions involving a total of over $1.6 billion in financing, including New Markets Tax Credit financings, taxable and tax-exempt bond financings, and working capital financing transactions.  He has advised charter school clients in corporate restructurings including the national expansion of a charter school operator, the spin-offs of charter school operations from nonprofit corporations, the consolidation of affiliated charter school operators into a single entity, and the functional acquisition of the owner of a charter school facility by the charter school lessee of the facility.

Brian also represents financial institutions and other parties in bankruptcy proceedings, out-of-court workouts, commercial litigation and lending transactions.  He has particular experience in business bankruptcy cases where he has represented secured and unsecured creditors, indenture trustees, foreign representatives, creditors’ committees, debtors and other parties in interest.

REPRESENTATIVE TRANSACTIONS

New Markets Tax Credit Financing
  • $21,729,894 financing and refinancing of the acquisition and development of school facilities leased to Voices College-Bound Language Academies (December 2020).
  • $7,425,758 financing of the development of school facilities subleased to Navigator Schools (January 2021).
  • $87,243,334 financing of the development of school facilities subleased to The SEED School of Los Angeles County for its use in operation of a public boarding charter school (April 2021).
  • Unwinding of $8,200,557 New Markets Tax Credit financing of the development of school facilities leased to Equitas Academy Charter School, Inc. (November 2021).
Taxable and Tax-Exempt Bond Financing (Charter Schools)
  • Issuance of $13,615,000 in California School Finance Authority School Facility Revenue Bonds (Granada Hills Charter Obligated Group), the proceeds of which Bonds were used to finance and refinance certain costs of the acquisition, construction, improvement, equipping and furnishing of certain public charter school facilities leased to Granada Hills Charter (August 2021).
  • $6,764,111.47 loan by the California School Finance Authority, the proceeds of which loan were used to finance the acquisition of charter school facilities leased to Rex and Margaret Fortune School of Education (October 2021).
  • Issuance of $29,785,000 in California School Finance Authority Charter School Revenue Refunding Bonds (Aspire Public Schools – Obligated Group -- Issue No. 5), the proceeds of which Bonds were used to refinance or refinance certain costs of the acquisition, construction, expansion, remodeling, renovation, improvement, equipping and furnishing of certain public charter school facilities leased to Aspire Public Schools (November 2021).
  • Issuance of $6,550,000 in California School Finance Authority Charter School Revenue Bonds (Bright Star Schools - Obligated Group – Issue No. 2), the proceeds of which Bonds were used to refinance the acquisition, construction, improvement, furnishing and/or equipping of certain charter school facilities leased to Bright Star Schools (December 2021).
  • $27,782,756.77 loan by the California School Finance Authority, the proceeds of which loan were used to finance or refinance the acquisition and development of charter school facilities leased to Environmental Charter Schools (March 2022).
  • Issuance of $2,180,000 in California Enterprise Development Authority Charter School Revenue Bonds (Encore Education Corporation), the proceeds of which Bonds were used to finance working capital of Encore Education Corporation (May 2022).
  • Issuance of $43,815,000 in California School Finance Authority Charter School Revenue Refunding Bonds (Aspire Public Schools – Obligated Group -- Issue No. 6), the proceeds of which Bonds were used to refinance or refinance certain costs of the acquisition, construction, expansion, remodeling, renovation, improvement, equipping and furnishing of certain public charter school facilities leased to Aspire Public Schools (May 2022).
Taxable and Tax-Exempt Bond Financing (Other Educational Institutions)
  • $42,000,000 loan by the California Enterprise Development Authority to Vanguard University of Southern California, the proceeds of which loan were used to finance and refinance the construction of educational and ancillary facilities (April 2020).
  • $18,200,000 loan by the California Enterprise Development Authority to Sage Hill School, the proceeds of which loan were used to refinance the construction of educational facilities (December 2020).
  • $43,500,000 loan by the California Enterprise Development Authority to Sierra Canyon High School Foundation, the proceeds of which loan were used to finance and refinance the construction of educational facilities (December 2021).
  • Issuance of $14,320,000 in California Municipal Finance Authority Revenue Refunding Bonds (Southwestern Law School), the proceeds of which Bonds were used to refinance the design, development, construction and/or equipping of a student housing facility (December 2021).
  • $23,000,000 loan by the California Enterprise Development Authority to Woodbury University, the proceeds of which loan were used to refinance the construction of educational facilities (December 2021).
Other Financing Transactions
  • $9,500,000 working capital loan made by California School Finance Authority to Granada Hills Charter from proceeds of the issuance of California School Finance Authority Revenue Notes (ASAP Program) (March 2021).
  • $2,710,000 working capital loans made by California School Finance Authority to Voices College-Bound Language Academies from proceeds of the issuance of California School Finance Authority Revenue Notes (ASAP Program) (March 2021).
  • $8,350,000 financing of improvements to facilities leased to Citizens of the World Charter Schools – Los Angeles (April 2021).
  • $10,825,000 financing of the development of charter school facilities leased to Ednovate, Inc. (August 2021).
  • Functional acquisition of Chestnut Campus, Inc. by Envision Education, Inc. (November 2021).
  • $6,500,000 revolving line of credit provided to Woodbury University (December 2021).

RECOGNITION

Brian has been named a Super Lawyer in the field Schools and Education by Super Lawyers Magazine for each year from 2013 to 2022, and in 2022 he was named one of the Top Lawyers in the Pasadena area in the field Schools and Education by Pasadena Magazine.  He also has been named one of The Best Lawyers in America in the field Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law by Best Lawyers in America for each year from 2013 to 2022.

COMMUNITY

Brian frequently speaks and writes publicly concerning real estate, commercial law, bankruptcy and charter school matters.  He has been a speaker at annual conferences of the California Charter School Association and of the California School Development Center, most recently regarding the application of public works and prevailing wage laws to charter school construction projects.

NEWS

ADMISSIONS & PROFESSIONAL ASSOCIATIONS

  • State Bar of California
  • United States District Court for the Central, Eastern, Northern and Southern Districts of California
  • United States Court of Appeal for the Ninth Circuit
  • Supreme Court of the United States
  • American Bar Association, Member
  • American Bankruptcy Institute, Member
  • Los Angeles County Bar Association, Member, former Chair of Commercial Law and Bankruptcy Section
  • Financial Lawyers Conference, former Director
  • Synergy Academies, former Chair of the Board
  • Los Angeles County Bar Foundation, former Director
  • Los Angeles Bankruptcy Forum, former Director
  • City of Pasadena Utility Advisory Commission, former Member