Chapman served as bond counsel in a complex new money and refinancing transaction for the benefit of The University of Chicago, involving multiple components—a tender offer for tax-exempt bonds, a tender offer for taxable bonds, a forward delivery, a project component and a corporate taxable bond issue—totaling $1.3 billion. These components, together with interest rate hedge restructurings, variable rate debt restructuring and make whole redemptions, allowed the University to maximize market opportunities to restructure its debt portfolio to achieve substantial savings while also investing in new capital projects. Chapman partners Nancy Burke and Sarah Breitmeyer led the deal team that included Kent Floros, Bill Hermann, and Ronni Martin.