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Kutak Rock Serves as Special Michigan Counsel to Provident Group – HFH Energy LLC

News | April 4, 2024


Kutak Rock served as special Michigan borrower’s counsel to Provident Group – HFH Energy LLC in connection with the issuance of the Michigan Finance Authority Act 38 Facilities Senior Revenue Bonds (The Henry Ford Health Detroit South Campus Central Utility Plant Project) Series 2024 (Green Bonds) in the aggregate principal amount of $249,345,000. Proceeds of the Bonds, together with certain other funds, will be utilized to construct a central utility plant and related system improvements that will satisfy the chilled and hot water needs of a to-be-constructed hospital and related facilities in Detroit, Michigan. 

The initial design of the central utility plant has two floors, a height of 43 feet and an estimated footprint of 47,000 square feet. The Project is part of the Henry Ford Health System’s Detroit South Campus Project, which is being developed by the Health System in conjunction with the $2.5 billion community development plan sponsored by, among others, the Health System. The new Detroit South Campus includes the to-be-constructed hospital, a shared services building, a parking facility, and the central utility plant.

Fred Marienthal and Dylan Holland worked on this financing.