Bond Counsel / Infrastructure Finance

Innovative and Accessible

The Public Finance Team has coordinated many highly innovative and complex financings for public utilities, real estate development, public facilities, and infrastructure needs. 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 project and infrastructure finance is demonstrated by the depth of talent and breadth of experience in its Public Finance Team. The team’s background in project and infrastructure finance includes experience with a wide variety of project types and funding sources, both market rate and government subsidized, including:

• Public bond offerings
• Private placements
• Bank purchased bonds
• United States Department of Agriculture
• State Revolving Loan Funds
• West Virginia Infrastructure and Jobs Development Council
• State Road Banks
• PILOT Arrangements
• Public utility financing
• Building Commission financing for public facilities
• Special district financing
• Health system financing
• Public school district financing
• Higher education institution financing

Representative Experience

• Served as bond counsel on hundreds of water and sewer financings in West Virginia, totaling more than $1 billion
• Served as bond counsel for various state agencies, universities, school districts, public service districts, municipalities, counties, hospital systems and other entities in West Virginia and Kentucky for the financing of hundreds of infrastructure, public facility, public improvement, and private activity bond financings
• Unique experience in utilizing special taxing districts, including property tax and sales tax increment revenues to finance infrastructure development in public-private partnership arrangements of all types
• Assisted clients with developing and advancing legislative and administrative rulemaking proposals
• Experienced in transaction structuring, preparation of all financing documentation, and bond closing representation