Chapman served as counsel to the developer in an innovative qualified 501(c)(3) structured 30-year Energy-as-a-Service (EaaS) project financing for one of the nation’s largest not-for-profit health care systems, the largest EaaS project on record in the United States. Chapman drafted and negotiated both the commercial and financing related documentation. The project was financed through a combination of tax-exempt (two series) and taxable bonds (two series) totaling $457 million, the proceeds of which are being used to decarbonize energy related infrastructure and reduce utility costs for 20 hospital campuses located in California, Oregon, and Hawaii.
