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Public Finance and Capital Projects

Public Finance fuels the state of Florida. Currently ranked fourth in the U.S. in terms of the volume of municipal finance transactions, this stimulant to Florida’s fast growing economy has turned the state into one of the leading governmental entities. We serve clients in various roles and on a variety of issues including bond counsel, underwriters’ matters, bank counsel, trustee counsel, tax-exempt issues on behalf of the private sector and the creation of public-private partnerships. Our attorneys have provided counsel and participated in many of the major deals that have shaped Florida.

Major Qualifications

We have been involved in more than a thousand public finance transactions.

Our clients include:

  • local governments
  • state agencies
  • special districts
  • underwriters
  • private borrowers
  • trustees
  • lenders

We’ve represented these clients throughout the state as:

  • bond counsel
  • underwriters counsel
  • disclosure counsel
  • purchaser’s counsel
  • issuer’s counsel
  • bank counsel
  • borrower’s counsel
  • trustee’s counsel

We have experience in the creation of public-private partnerships (P3), including but not limited to:

  • understanding all sides of P3 projects: advising the developer and lenders as well as governmental authorities
  • extensive experience regarding the federal and state law issues relative to P3 transactions for road projects, including the development of P3 policies and procedures

We have experience with many different public finance structures, including but not limited to:

  • general obligation debt
  • revenue backed indebtedness
  • special assessment debt
  • variable rate debt (including lower floater debt and auction rate debt)
  • revenue and tax anticipation debt
  • commercial paper

We also have experience with various credit enhancement and synthetic financing techniques, including bond insurance, liquidity facilities, letters of credit, swaps and forward purchase agreements.

Notable experience

  • Served as counsel to Wells Fargo on financing for the North Carolina Turnpike Authority in excess of $1 billion
  • Served as bond counsel on, what was at the time, the largest public finance transaction in the state of Florida at $1.072 billion
  • Served as bank counsel on the largest healthcare finance transaction in the state of Florida at $1.038 billion
  • Currently serve, or have served, as bond counsel to Orlando-Orange County Expressway Authority, Florida Development Finance Corporation, Greater Orlando Aviation Authority,Tampa-Hillsborough County Expressway Authority and Southwest Florida Expressway, among others
  • Playing a key role in developing P3 that resulted in building the Southern Connector Extension and Osceola Parkway ($450 million)
  • Served as counsel on both Miami Tunnel and I-75 private/public road projects by representing separate consortiums of entities bidding on each project