Bond Counsel/Infrastructure Finance

About

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 hundreds of water and sewer financings, totaling more than $1 billion.

Innovative and Accessible

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, including:

  • 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 team. Team members take a hands-on approach to infrastructure finance, providing counsel that is focused on desired results, thus maximizing the value of projects that often last for generations.

REPRESENTATIVE EXPERIENCE
  • Served as bond counsel on hundreds of water and sewer financings, totaling more than $1 billion
  • Served as bond counsel for various state agencies and universities
  • Represented start-up companies for choice of entity, tax, capitalization, and financing matters
  • Served as bond counsel for counties, cities and taxing districts in financing of local facilities
  • Represented diverse clients as bond counsel, special tax counsel, borrower's counsel in a wide variety of sophisticated bond transactions for many years
  • Significantly involved in private activity bond regulations
  • Assisted clients with developing and advancing administrative rulemaking proposals
  • Experienced in transaction structuring, preparation of all financing documentation, and bond closing representation