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Warner Norcross + Judd LLP is a corporate law firm with over 230 attorneys serving clients in nine offices throughout Michigan. Among the largest law firms in Michigan, Warner works in virtually all areas of business law.

Michigan Law Firm - Warner Norcross + Judd LLP

Warner Norcross + Judd LLP represented Calvert Impact Capital, Inc. (“Calvert Impact Capital”) in its offering of up to $750 million in aggregate principal outstanding of Community Investment Notes for the 2024-2025 offering period.

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<a href="https://calvertimpact.org/">Calvert Impact Capital</a> is a 501(c)(3) nonprofit corporation based in Bethesda, Maryland. Calvert Impact Capital’s mission is to connect capital to the solutions communities need. Calvert Impact Capital raises capital from individual and institutional investors to finance intermediaries and funds that invest in communities left out of or overlooked by traditional capital markets.

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Calvert Impact Capital deploys proceeds from the Community Investment Note® primarily to make mission-aligned loans to or investments in domestic and international development organizations, projects, funds and other social enterprises who work in under-resourced communities to address climate change and improve access to quality affordable housing, healthcare, education, income and wealth building opportunities, and other critical community services.

For the 2024-2025 offering period, Calvert Impact Capital offered direct Community Investment Notes for purchase directly from Calvert Impact Capital as issuer, as well as brokerage Community Investment Notes for purchase through lead selling agent InspereX LLC, a registered broker-dealer based in Delray Beach, Florida.

"Warner brings both technical expertise and a genuine understanding of our business and values. Warner has helped us since 2018 to navigate the complexities of our offering, ensuring full regulatory compliance and supporting our mission to deliver positive financial, social and environmental returns with integrity. They have been an invaluable partner in advancing our work," shared Emmeline Liu, General Counsel of Calvert Impact Capital.

This national securitiesoffering was made pursuant to federal exemptions from securities registration available for charitable organizations and pursuant to registration or exemption of the securities in each of the applicable jurisdictions.

The Warner transactional team was led by Corinne Curtis and included Tim Horner, Charlie Goode, Sarah Harper, Mo Knio, Christian Rhoades, Dana Dawe, Sherri VanEck and Alex Rey.

Warner’s Impact Investing Group As one of the largest and most successful impact investing groups in the country, we have developed unparalleled expertise over our more than 30 years representing nonprofit organizations in securities offerings that range from limited private placements to international public offerings of debt securities. Our impact investment team consists of accomplished attorneys, experienced paralegals and seasoned compliance consultants who advise nonprofit clients as to federal and state securities registration and exemption requirements, underwriting arrangements, placement agent engagements, broker-dealer and agent registration issues, and marketing and advertising impact investment offerings in compliance with state and federal securities laws. We take pride in helping our clients fully utilize the unique securities law exemptions available for charitable organizations while complying with the complex securities law requirements in all 50 states, Washington D.C. and the U.S. territories. We know that, with our help, our clients are well positioned to raise the capital they seek to serve the greater good.

Funds and Investments

Partner

Corinne N. Curtis

Senior Compliance Consultant

Dana R. Dawe

Charlie Goode

Associate

Sarah Harper

Timothy L. “Tim” Horner

Mohamad “Mo” Knio

Christian D. Rhoades

Impact Investing

Warner Represented Calvert Impact Capital in $750 Million Offering of Community Investment Notes

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Warner Represented Calvert Impact Capital in $750 Million Offering of Community Investment Notes

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