blog icon linkedin icon facebook icon twitter icon
lightbulb iconGet Steptoe Know-How Business Essentials Email this page Rss Feeds

 

Bond Counsel / Infrastructure Finance

Steptoe & Johnson was the first law firm to establish a bond practice in West Virginia, and serves clients throughout the Mid-Atlantic and Southwest regions.  The firm’s Public Finance Team has a long, rich tradition of serving as bond counsel to municipalities, counties, building commissions, and public service districts for infrastructure projects, notably water and sewer projects.  Over the last five years, team lawyers have served as bond counsel on literally hundreds of water and sewer financings, totaling more than $1 billion.

Representative Experience

  • Served as placement agent counsel on issuance of tax increment financing bonds. Services included preparation of private placement memorandum and related documents.
  • Served as bond counsel for a tax increment financing private placement bond issue to finance public infrastructure costs associated with an 800 unit high-end residential and commercial community.
  • Served as underwriter’s counsel on the issuance of approximately $150 million of bonds for a major hospital expansion.
  • Served as underwriter’s counsel for the restructuring of approximately $330 million of existing and new debt for a major regional hospital chain.
  • Served as bond counsel for a major regional hospital in the issuance of bonds to finance a major addition, refinance prior bonds and fund pension liabilities.
more...

Innovative and Accessible
Throughout this time, the Public Finance Team has coordinated several highly innovative and complex utility financings serving tens of thousands of customers.  In addition to the team’s experience with large regional projects, the firm has worked extensively on financings for projects as small as $75,000.  As the following representative experience indicates, Steptoe & Johnson’s accessibility and commitment to clients, regardless of the size of the financing, sets the team apart from other law firms.

 

Depth and Breadth
Steptoe & Johnson’s commitment to infrastructure finance is demonstrated by the depth of talent and breadth of experience in its Public Finance Team.  In addition to the work by firm lawyers, Katy Mallory, a licensed professional engineer, manages all infrastructure projects, drawing on a decade of experience as the Executive Director of the West Virginia Infrastructure and Jobs Development Council, during which time she oversaw over $1 billion in infrastructure finance.

The team’s background in infrastructure finance includes experience with a wide variety of lending sources, both market rate and government subsidized:

 Public bond offerings
 Private placements
 Bank purchase bonds
 Lines of credit
 Surety bonds                    		 United States Department of Agriculture
 Clean Water Revolving Fund
 Drinking Water Revolving Fund
 WV Infrastructure and Jobs Development Council  
 State Bond Banks  

Added Value for Clients
Infrastructure finance is the heart of the firm’s public finance practice.  Team members take a hands-on approach to infrastructure finance, providing counsel that is focused on desired results, thus maximizing the value of the projects, which often last for generations.
>Back to Services

Areas of Concentration


Team Leader:

Team Members: